This would get that job done (which is a big job) but at the same time increase the property value.The new rental suite will likely rent for $1500/m but to get city approval, the whole house as a duplex/triplex needs to be bought up to code  (fireproofing, electrical, plumbing) which will likely make the whole build cost close to 300k (contractors estimate).

Residential conforming loans require the 1 yr occupation unless you get an "investment" conventional loan.Other than mortgage fraud issues, if you just "wake up" one morning before the 1yr is up, I don't think the 'power thats be" will know in it of itself. 

How close is the power, water, and cable TV to the lot?

Electricity would be easy, the plumbing would be a bit more work, IMO.

Hi Brooke,Like this:Ring ring ring, goes the cellular phone; "Hi Bob (current GOOD at a trade contractor you know), I need somebody to run an extra electrical line from the box to the kitchen do you know anyone who does small jobs like that and is good that might be able to come out Friday?" 

Then find an awesome lender like @Zack Karp or @Michael Facchini to figure out your purchasing power. 

The amount you receive from ordinary income (401k distributions) is combined with your social security (after you start collecting) and due to its ordinary income status, can cause you to pay taxes on SSI....reducing your available income at the whim of the government....in retirement when you don’t have many options to generate income in a typical retirement situation.If you’re working a W2 for a while, and investing in your 401(k) at the same time-getting the match-you’ll be contributing to social security taxes today, and will be “entitled” (ie, forced to take) them later.Also, a lot of 401(k)s have 1.5%+ fees in the generic options...enriching Wall Street to almost as much as yourself with “free money”.I recommend you read “The Power of Zero” by David McKnight and “401(k)aos” by Andy Tanner.

KORE Power, which was founded in 2018, said this would be the first lithium-ion battery manufacturing facility owned by a U.S. company.In addition to the 3,000 would-be KORE Power employees, the company estimated that the new plant would bring an additional 10,000 direct and indirect jobs to the selected region.

We have been in contact with one of the siblings who claims his handicap brother did not appoint a power of attorney, and therefore no one can sign on his behalf.

Does the building have split electrical/gas utilities?