The stairs, toilet, sink, and faucets as well as the roof, wiring, plumbing, HVAC, and water heater are structural components of the building structure and are depreciated on the same 27.5 year straight line method as the dwelling structure itself.  

I have given him the notice to cure the violation or quit to provide rental applications for all occupants in the dwelling, he is in violation of the lease with just that alone as his current lease shows no subletting without prior landlord approval.Has anyone ever experienced this type of scenario so we can evict the tenant and all occupants without having to pay relocation fees as he has destroyed the place and will need to be gutted to clean, holes in laminate flooring/walls mold in showers, etcI received a substandard because of this issue with the certificate, working to get resolved.

There is specific reference to lease-options, land contracts or contract for deeds and then later defines any agreement taking a security interest in a covered property, those being 1-4 family dwellings.

Account Closed For my response, I am assuming that you and your partner have a residential dwelling structure that is not divided into separate rental and residential units.

I'd check with an attorney (I'm not one) but what you're describing (boarder with you present in the home) doesn't sound like it violates NY's multiple dwelling law which is good, but it probably violates a co-op or condo's bylaws.

Get that 5th dwelling an occupancy permit and rent it for at least $550-650/month conservatively.Purchase method:  Unsecured business LOC + bank financing.  

@Daigo Kurosaki One of the biggest hurdles I see to your strategy is the zoning regulations that limit the number of unrelated parties in a single family dwelling.  

Where you may sneak by is if it’s not considered a multiple dwelling but it’s still limited to five people….4.

Lots of properties with mother in law suites and other accessory dwelling units called “carriage houses”Use https://landlordy.com/ to manage the house hack and it will make your life so much easier.Feel free to reach out if you have any questions!

I have to admit I’m a little disappointed but not dwelling on it.