Check with the county to confirm you can do this.

I generally know what that means but I don't know if there are any potential cons with this situation.  

It is when a tenant and landlord put in writing factual information about them renting and both parties sign.

Hope this helps!  

We are currently in the process of Renovating this home built in 1965 and plan to have completely transformed it by spring 2025.

Google search gives me these super wide ranges and mostly talking about adding a bedroom in a SFH, which I'm not sure if applicable to this situation of "moving/subtracting a bedroom from one unit and add it to another unit in a duplex". 

But the way this unfolded was I did the research and could have obtained a Letter of No Objection.  

With this set up, we were able to get a DSCR loan through Kiavi with only a few extra steps compared to an LLC.  

For now this tenant has stayed.

Built-in accounting software, keeps track of everything better and helps for tax returns at the end of the year3. multiple payment options are usually available for residents4. maintenance requests all in one area, easier to keep track of and keep residents informed of the status5.