If the occupant refuses admittance, an agent of the director or of any local board of health or code enforcement agency may apply for a search warrant to permit entry. ... 

Convert the garage studio into ADU by requesting health/safety check - my interpretation of the legislation is that there is a 5-year grace period to get everything up to code as long as everything passes health/safety inspection.

Also, consider these issues: Capital calls if no rental income to cover mortgage payments or major CAPEX expenseA partner wants to cash out, or diesOne partner is sued for something outside the partnershipWho will be the controling partnerUse BiggerPocket search feature as there are other numerous, helpful discussions on partnerships

Numerous investors do this hopefully a few will chime in. 

Then there are numerous other options such as investing in a syndication, NNN, private lending, notes, traditional buy n hold, flipping, etc.    

Also when you buy from HD you give a job number(property numer etc) Originally posted by @Bob H.

No job, wife working part time, too much debt to handle, health insurance set to expire at the end of November.

., there're a lot of variables and nuance to this, so apply it to your specific circumstance:In general with university investing you are betting on the long-term health of that particular university (as well as the University system at large) and you are marrying that style of investment.

@Luis Sanchez RodriguezThere are numerous discussions on BP about LLC vs no LLC.

"Slumlord property" means residential rental property that has deteriorated or is in a state of disrepair and that manifests one or more of the following conditions that are a danger to the health or safety of the public:Structurally unsound exterior surfaces, roof, walls, doors, floors, stairwells, porches or railings.Lack of potable water, adequate sanitation facilities, adequate water or waste pipe connections.Hazardous electrical systems or gas connections.Lack of safe, rapid egress.Accumulation of human or animal waste, medical or biological waste, gaseous or combustible materials, dangerous or corrosive liquids, flammable or explosive materials or drug paraphernalia."