So I cannot get a mortgage based on the cash flow, because the lot is not legally big enough to count as more than 1 unit to the bank.

@Joshua Savage, each time you take out a new owner-occupier loan, you're legally promising (with your signature) that you intend to live there for at least one year. 

The question"  How do I legally/ financially structure this ?  

Hello All!I would like to get opinions from other BP types on side income & networking opportunity that I've stumbled into.I'm an active REI investor in Southern CA with a day job in the electrical industry; I've ...

Remember, you have legal rights that prohibit a forced dual agency.  

And I know that legally an email or text notification which the tenant acknowledged isn't sufficient right?

There should be a ton of growth around it where you know national tenants will pay a premium per sq ft to make it pencil with development land,construction,legal,labor, and loan costs.Sometimes I will look at that range for an acre but it is the (money shot) right in front of a new Costco at the hard pin corner red light with high traffic counts.

Is there a legal or statutory obligation that loan processor or underwriter MUST verify ownership of mortgaged property before issuing loan modification as the 2016 modification did not release the Original loan?

Would there be any problem from legal point ?

Hi Yochai,Happy to discuss your investment goals and how we can work together on the legal issues.