Here if you treat a guest like a tenant, you are under laws governing tenants.

What happens when local, state, and federal governments and their agencies are no longer able to bring in enormous tax revenue via settlement cost, appraisals, rehabs, construction permits.   

Is their loan government backed (FHA/USDA/VA)?

They are ENTITLED because operating as an unlicensed broker means:1. no licensing2. no accountability..no license to lose...no state regulatory agencies to fine you3. no E&O insuranceWhen there is a dispute regarding an agent or agency, a complaint can be filed with the state governing board.

I comply with the Federal Government's rules as to possible lead, with the booklets, etc.  

@Jason Howell  These government giveaways have a tendency not to pan out in lots of cases.  

I do have lost rent coverage on my fire/homeowners policy that also covers a rental property.The challenge is that both windstorm and flood are government-backed programs. 

There is probably a similar clause in your governing legislation.

Anything with 5 units or more will be considered commercial but on loan amounts under roughly $1MM it can be difficult since national banks and government agencies will not want to do a loan that small unless there is a very compelling reason for it.On LTV - In addition to LTV, commercial lending pays close attention to a DSCR or Debt Service Coverage Ratio.

Business Goals:- Form a Board of Directors for our company- Complete our corporate governance plan - Continue with "Scaling Up"/The Rockefeller Habits and EOS (highly recommend all business owners looking into this)Personal Goals:- Travel outside the U.S. with my family at least once a year- Continue to diversify into more asset classes- Connect with more people on BP of course!