I would get rid of that immediately.Second, I would ensure your rules are clear, in writing, attached to the lease, and posted in locations where the occupants can't possibly miss them.

For example, if you own a property with $400k in equity and you can still easily cash flow with a $300k cash out what is the down side to doing this?

The rental market is softer than it has been in years. 

Thank you Rachelle.I received your message containing the discount code.

It costs around 260k.

Welcome to the community and be ready for a huge amount of information at your finger tips.

@Stephanie MbayaLSU's high rental demand and affordable property prices make it an ideal location for house hacking.

Message me if that’s not your direct line and I’m interested to chat more about your brokerage

I think it's pretty clear it disincentivizes new construction or encourages landlords to find ways around it.However, I do believe we could do better in areas for encouraging new construction with zoning reform and other tax incentives.

Although I am not a legal expert and am not familiar with Michigan state laws, I think a partition could be helpful if it leads to pleading your case in front of a judge who can ultimately decide.