Banks have been pretty strict on that stuff lately. 

I'm sorry, Jon, but it sounds an awful lot like you're asking us how to draw seven red lines, all of them strictly perpendicular, some with green ink, some with transparent ink.To clarify, not the task, but the general sense of how this is being asked, do you want to retain the right to get rid of the tenant in the winter months for nonpayment of rent, egregious lease violations, your decision not to renew, etc.?

For example, setting up a corporation is pretty routine and many corporate attorneys will do it for a fairly low fixed fee -  possibly less than $1,000.  

BUT it should depend on how strict your city is for encroachments, permits, etc. 

It was reasonably expensive to clean out hazmat wise (a few thousand for Uber strict processing in a small house) if it’s just poured in the attic fairly straightforward.One issue is that it can get airborne easily if you are drilling into walls or it’s disturbed upstairs.

There might be other factors at play, especially if you’re going to live in this building forever, and that’s fine too, but that’s no longer a strictly financial discussion.  

@Wyatt Nyman get a routine.

Financing is also easier as you won't strictly qualify as a rental property investor.

After the first bad experience, my other half is strictly against funds and so to keep peace, we do not invest there, but if I had to pick something other than dirt, I'd consider PPRNoteCo.

@Richard Xyminies If you're going to do this the right way, you should look at an H-06 Condo insurance policy if you're living in the property, if it's strictly a rental, the standard Rental property insurance will work, then make any tenant purchase Renters insurance as a requirement of the lease.