In my hard money lending experience, we require the personal guarantor (or individual signing on behalf of an entity) to own at least 20% of the entity.

First of all, I’m happy to have individuals to speak with similar interest.I'm new at Multi-family, yet have spent time educating myself and understanding the ins and outs of Multi-Family Apartment investing for over a year.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

When flipping a house with lets say a total of 3 people, each takes their profit & are taxed individually correct?

Hello Erika,I rented a few times, but mostly with small individual landlords. 

"ADU" legality is typically defined by each city individually.  

Oftentimes, when there are too many options, individuals end up not choosing anything.

How do individuals and management companies handle these annual inspections? 

Private money lenders are typically not licensed, private individuals you form a relationship with and one in which they are looking for alternative investments other than the stock market, bank CD, etc.

Basically that little piece of paper states that the owner of the property, can if they choose to, rent it out to however many individuals noted by said township/borough.