The house it set up as a two over two.Tenants currently in place and would like to stay.Property cash flows nicely and the rents are below market value so there is a value add play there as well.Anyway the title report came back and the property is listed as a single family home and also is CO'd this way.However the property was advertised as a legal two family and the town assessor is currently taxing the property as a two family.Two separate meters as well.Everyone involved including my attorney, agent, etc seem to not have the answers for me.There are no rental permits on the property either which are required in this town.Seems to be a lot of mixed information that has me considering to pull out of the deal.Anyone have any experience with this?

Keep in mind there's residency restrictions on accessories - so if you house hack with an accessory, when you move out of that place and move to the next one, you won't be able rent as a duplex. 

Hey John, Legal here. 

Most are fine with that, but a few will have problems with it and claim there are legal issues, etc..

And transfer your property into your LLC/SLLC via a legal trust that is a member of the LLC.

Jessie Newton if you have no contract with him I’m guessing you have no legal recourse, and even if you did have a contract you’d probably have to sue to enforce it.

My legal advisor suggests keeping no more than $1 million worth of property per LLC.

This can lead to all kinds of problems including potential legal issues.

Legally, you must live there for a year. 

Do not rely on it for legal advice.