If the former, note per Union City Rent Stabilization ordinance (https://ecode360.com/15397000 is a slightly outdated version), "the terms of this chapter apply to individual dwelling units within a building, including condominium or cooperative units in the process of being converted, or having been converted".

These homes tend to individually appreciate over time and are actually not bad places to live.The places with the lot rent you have to decide if you want to be in the mobile home business and buy the park.

Internal Revenue Service (IRS): - https://www.irs.gov/individuals/how-do-you-report-suspected-...5.

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

If they agreed to that, then the clause appears to be fulfilled assuming the lessor approved the quality of work.The entire clause is kind of sorry in the way it's put together and reeks of amateurish property management by an owner.

There are always some self-righteous individuals who try to appear as very professional figures in this community. 

Your 1031 will ultimately be only as good as the individuals directly assigned to your exchange.  

While I agree the rent by the room strategy can be great if you know how to manage it well, from a lending perspective, a lot of 30 year DSCR note buyers won't allow properties with individual room leases, so it could make refinancing more challenging. 

The individuals I've met along the way that are really good at real estate are analytical, level headed, and disciplined.

Renting an individual room is all but guaranteed to be cheaper than them renting a 1/1 apartment alone.