It'd expect it's against a law on occupancy capacity to have more than one person renting a space that small, but I never cross referenced to find out.Here's the lead law (emphasis added by me):460.100: Duty of Owner(s) of Residential Premises (B) Whenever any residential premises containing dangerous levels of lead in paint, plaster or other accessible structural material undergoes a change of ownership and as a result a child younger than six years old will become or will continue to be a resident therein, the new owner shall have 90 days after becoming the owner to obtain a Letter of Full Compliance or a Letter of Interim Control, except that if a child younger than six years old who is lead poisoned resides therein, the owner shall not be eligible for interim control, unless the Director grants a waiver pursuant to 105 CMR 460.100(A)(3).

If you have non-FHA financing lined up, you have a distinct advantage.

It's an undertaking that involves consultation with an estate planning attorney as well as a real estate attorney, once you have defined your goals.The same applies to LLCs, especially single-member or reciprocal member - as in husband/wife - LLCs... a little knowledge can be dangerous, and litigation is the best measure of any asset protection claim.

A good introduction to what else awaits with just enough information to make you dangerous which is why they say "Don't go out and start trading this stuff for real, do some virtual trading first" which was my plan all along.

If its going to living expenses, I think this is very dangerous.

Additionally, boilers are very dangerous.  

TerryAll good advice.Clearly if a gun or knife is involved in an incident it is more dangerous.

These can get very costly and if the carpet is over 5 years old or excessively worn or stained then replacement is a better option.Ozone can be use to mitigate many of the odor issues quite successfully  foggers can also work. both of these have side effects and can be dangerous if precautions are not taken. 

Estimating simply by square feet can be dangerous as no two properties or contractors are the same. 

One of the high people commented on the way out the door "these stairs seem dangerous like someone might trip and hurt themselves."