Hi Nicholas, glad to have you as a part of this awesome community!

.** Strictly restricting this for when doing comps between properties in the same sub-division **

Quote from @Michael Anderson: @Adam Bartomeo, Thank you, so is it not necessary to inform the tenant?

I bought my first property in North Jersey at the peak of the 2006 market - came to the closing with no money and walked away with $10,000, still own the home to this day - and it's still possible do near this today - so, it can be done with $50K or less (doesn't mean you should do it that way...) 

Did the city official revise this to 3+ units?

This could be a great cash-flowing asset but you're also assuming a lot more risk with this structure.

What legal right do I have to do this?

Can you shed more light on why you need this money?

Feel free to reach out if you have any questions about the refi stage of this BRRRR. 

I'm exploring the idea of renting out property to Section 8 tenants in St.