Talk to your agent to get a little more information about this.I agree that if the unit is not permitted to be rented on its own, then it's probably best that you don't rent on any platform illegally.However, if you are able to allow access to the main part of the house, you may be able to rent the space as a room in a home depending on local laws and ordinances.

We also are very verse on the Property Code Laws of what legally we must do and what is just good business.So @Ian McClure to answer your question, it would depend on how the new tenant was on boarded and what kind of business the owner runs concerning his property

(Costing you more than hiring a PM.) or charge too little (Costing you more than hiring a PM.)2) You are NOT going to know all the landlord laws.

Hey Sharad, I would connect with an attorney familiar with the laws regarding OOS entities in the market you're looking to invest in.I'd be glad to refer you.

The new property tax law should help significantly.

Russ has a lot of creative solutions and uses established case law to work in ways that some of the more "cut & dry" intermediaries do not.

I'm Mr. boring property law. 

The laws had changed at some point many years ago but because they were able to prove the property had always been a two family, it was grandfathered. 

If I were to apply for a CFO role now, more than likely I have to advantage over a CFO that was in a manufacturing company for a real estate company.EAs specializes specifically in taxationCPAs have a broader knowledge for accounting, auditing, financial planning, and taxation.EA must pass a 3-part IRS exam and do not require a college degreeCPA need a degree in accounting, 150 credit hours of education, must a 4-part CPA exam.EAs often charge a lower feesI might lean more toward hiring an EA and ask how they stay updated on tax laws and regulations since I don’t really need full accounting services.

Gov. mandates, laws, regulations, these are tools to control WHAT the product/service is, think safety focused. mandating no lead in toys, or fall-arrest gear for roofers, things like that, THAT is where it works.