You need to surround yourself with a good team and a great accountant is an important player for your team.I don't pretend to understand all of the behind the scenes details, but I pay professionals to guide me through the legalities and IRS issues. 

The basement was unfinished, it only had one bedroom and a full bathroom, but the main open area was down to the foundation walls and complete with a wet bar.

. #1 and #2 do not apply to the non-owner occupied, multi-family landlord (or sfr under management) and multi-family owners should not be mislead about a landlord's responsibility to accept these animals and the difficulties with proving any 'exceptions'#4 if you want to claim 'financial hardship' for the landlord-- It appears in the case law to be a pretty high bar as there is an expectation that non-hardship cost to the landlord is allowed.

There is a handy search bar in the upper right that makes it easy to find previous discussions, blogs, podcasts, and other resources.

They're used to just seeing 'is it still available ' so the bar is low.Keep up the creative thinking! 

If it's scholarships or Mom/Dad, you don't have to worry about credit checks, just do a background check so you know if you have someone with a history of drugs or getting into bar fights wanting to move in. 

If investor, some skills will translate but the entry bar is a bit higher (can’t do 5% down unless you get super super creative and even then maybe not, can’t house hack, need more reserves and a more experienced set of professionals by your side) but the upside is better.The short answer is yes you can just start with commercial 

Orchid Beach: North Hutchinson Island Property Description:11.78 Acres Oceanfront Parcel for mixed use Residential/CommercialProperty SpecsSite Plan already already approvedHotel's Room Rates will average $200.00 a night.640 Room Apartment Condo Hotel.580 S/F Suites with Small Kitchen,Sitting Room and Bedroom25 Cottages 2 Rental Units each 1,200 S/FHeavily Landscaped2 Large PoolsLarge outdoor Covered Bar in Pool AreaHotel will be 9 Stories8 Floors25 Apartments per FloorSpa and Fitness Center2 Resaurants5,000S.F Specialty Store

With over 6500 square feet of living space, a brand new pool, and, not one, but two outdoor bars, this home really does check all the boxes.

There is a handy search bar in the upper right that makes it easy to find previous discussions, blogs, podcasts, and other resources.