I just can't wait to see what WAMU does with this one in REO...the property has been RED TAGGED by the city of Portland as illegal to occupy dwelling...i mean, have fun with that.The problem is the Loss Mitigation deptartment are run by uneducated hourly employees who get hammered with calls and emails every day and handle at least 100 files at a time.

Develop a property, convert SRO's to a standard dwelling or syndicate a deal.

well that depends on your house: you should be insured for somewhere between $150 and $250/square foot for your dwelling value (using really broad numbers here, but whatever it would cost to rebuild is the goal).  

I would need liability, loss of rent, theft and dwelling coverage.

Do I contact the Zoning department first to see if I can convert the shed into an accessory dwelling unit, or do I contact Rental Registration department first to see if I can rent out a livable "shed"?

There cannot be additional dwelling units above and beyond what it is zoned for

Tenant is committing or permitting a nuisance on the premises, or is permitting use of the premises for immoral or illegal purposes or for uses other than dwelling purposes;3.

If it is listed as a single-family dwelling, just make it 'legal' again.These numbers appear to be awesome!  

From the little information I have gathered, it appears there is an increasing movement away from traditional LTR to MTR, STR and RBTR (with multiple individual tenants in one dwelling) with sources like Air BnB as an intermediate.

For now, for my own tracking purposes, I'm trying to wrap my mind around spread sheeting the expenses and determining which accounts to pull money from to cover them:How will deductions work since its part dwelling for me and part investment?