Sometimes it can be easy, and sometimes it can turn into an absolute nightmare, legal problems, roommate issues, marital issues, mold, it runs the gamut!!!

Check out this BP post...the representations made by the OP, and their response when questioned/challenged about their status. https://www.biggerpockets.com/forums/311/topics/45...YES...BP IS A HOTBED OF ILLEGAL ACTIVITIES...make NO mistake about it.

I am going to pick an area that reflects my status and values anyways... if a mans lives in Hunting Valley why should he care about statistics from Parma?

Depending on how it was foreclosed and the current status, there may be some HUD documentation that goes along with the house.

A lot depends on your accreditation status.

The only difference if you are an LLC is that you check a little box that says you're an LLC instead of a traditional partnership.The major difference is if your LLC elects S-Corp status.  

first question I have is if your cottage is legal (possibly legal non conforming status.)  

What is the cheapest way to acquire real property status regarding these types of homes?

They are in multiple offer status within 1 to 2 days.

My point is, I too am hesitant to tell certain people that I'm going against the status quo in order to get ahead in life.