Currently I'm in the process of reading books/forum discussion posts, so any book recommendations or suggestions on  particularly helpful threads to read would be much appreciated.First off, I'm a college student in Minneapolis with 1-2 years left of my undergraduate degree remaining. for 2015-2016 I will be living in a house near the university, but once my lease is up, my mom plans on helping me to finance my own place (apartment or small house). 

@Justin HerringtonWhile Thorold does not give a maximum occupancy per dwelling unit in a direct manner, it appears to define any building providing lodging to more than four (4) occupants as a boarding house:“boarding house” means a building in which lodging is provided for more than four (4) persons in return for remuneration or for the provision of services or for both and in which the lodging rooms do not have both bathrooms and kitchen facilities for the exclusive use of the individual occupant;In turn, they restrict a rooming house or lodging house (but never marry definitions to that of the boarding house) as follows:Where a dwelling unit contains rooms intended to be used in conjunction with a rooming house or lodging house, the occupants may share a single bathroom provided that: (1) not more than nine (9) persons occupy the dwelling unit; (2) for each additional nine (9) persons or part thereof, there shall be an additional toilet, handwash basin, bathtub or shower; and (3) access to the bathroom can be gained without passing through: (a) a habitable room of another dwelling unit; or (b) an open area, which is not normally heated during the period of the year which heat is required by article 2.22.3 of this by-law.So, it appears to come down to whether boarding houses are permitted where you property is located (and whether they need to be specifically licensed), unless your building would be seen as a non-conforming duplex.This is the question, I believe Thomas was asking.

Be sure you're compliant with all laws, including usury laws.Be sure any work done that needs permits is permitted.Borrowers money goes into deal first.Get monthly payments.Get a full credit application (1003) from borrower. 

I knew we'd need more time to turn that one over, plus it was January that it was empty.In our market, most secure rentals months in advance, probably due to the college and wanting to be in an apartment before school starts.  

I again called the licensing board and specifically asked if the owner/investor needed a contractor's license if all of the work was being done by permit with licensed contractors as well as managed by a contractor, and the board was very clear that the OWNER/INVESTOR needs a contractor's license. 

Currently in process of closing on a year and half long short sale proceeding where assistance is needed in locating funding source to provide financials for 31 day period in between A --> B and thereafter --> C closing.Arms Length Affidavit permits for listing to be transferred prior to 30 days and need lien loan provided for duration of ALA.Any/All referrals will be very much appreciated

The numbers are: HOUSTON ISD Not Certified 1.196700  HARRIS COUNTY Not Certified 0.417310  HARRIS CO FLOOD CNTRL Not Certified 0.027360  PORT OF HOUSTON AUTHY Not Certified 0.015310 HARRIS CO HOSP DIST Not Certified 0.170000 HARRIS CO EDUC DEPT Not Certified 0.005999 HOU COMMUNITY COLLEGE Not Certified 0.106890 CITY OF HOUSTON Not Certified 0.631080

Assuming you are doing enough work and the type of work that requires permits I would say that you can simply state all rough materials and installation to be code conforming.

Scott,Lancaster REIA meeting is 3rd Thursday 7PM at Lancaster Bible College. 

College park Ga.