When you start advertising it, then I believe you can't discriminate, and especially if you are using a relator/property manager to help you market the property.Might be easier for you to rent the entire property to one family and for you to rent a smaller place separately.

There are many CPA's on BP that do so.In the meantime - feel free to ask any tax related questions.

Relatively small spaces.

Definitely start jumping into the community here and feel free to ask any questions related to Real Estate investing!

It's in relatively good shape, hardly any issues, and the current tenant is very cooperative and responsible, he intends on staying for at least another 2 years.I'm seeing this as an opportunity for my first buy-and-hold property.

We can also probably come up with $25,000 or more in cash in relatively short order. 

If you already own the home you live in, then you can only use a FHA loan for a new property if you:1. are moving because of a work-related transfer2. an increase in family size requires a larger homedirect quote:“FHA will not insure more than one Property as a Principal Residence for any Borrower, except as noted below.

A house hack or living together here isn't an option because the current house is relatively small and my mother-in-law is basically at the point of closing with the new house she's found and fallen in love with.

I am reviewing a property management agreement and came across this clause RE: Indemnification that seems too broad:INDEMNIFICATION:(a) The Owner shall indemnify, defend and save Agent harmless from all suits and/or other legal proceedings whatsoever and cost incurred therefrom in connection with the management of the Property and from liability for injuries suffered by any employee or other person whomsoever, except in cases of willful misconduct or gross negligence on the part of Agent or its employees, (b) The Owner shall indemnify and hold harmless the Agent from and against any costs, loss, expense or damage (including attorney's fees) suffered or incurred by the Agent arising out of or related to the enforcement of this Agreement arising out of a default or other breach by the Owner, the management, operation, improvement, alteration and leasing of the Property, including all other activities arising out of or related to Agent's duties under this Agreement or as a result of any act or thing done or permitted by the Agent or its agents or employees; provided, however, that such indemnification shall not apply to any such cost, loss, expense or damage to the extent that the same relates to or as a result of conduct by Agent which constitutes willful and wanton misconduct.It seems like if one of the Property Manager workers (aka Agent) slips and hurts himself while cleaning the floor the "Owner" is then responsible. 

Before you all tell me to talk to a lawyer, if this is not flawed on the surface or illegal, I intend to do that next.Some of the reasons why we are thinking about this is that my father is elderly, but still in good health.