You can usually buy a property and use it for its original intended purpose without too much trouble or review, but when you try to use it for a different,  non-conforming purpose most cities have some sort of planning/zoning commission that will have to review and approve it before its approved. 

If not how would i classify these transactions for tax purposes?

No idea if it'd work (and you'd hit higher rates) and you run the risk of the appraiser not agreeing with your amount (if too low defeats the whole purpose).

You can not legally, for tax purposes, be landlord and tenant.

This is the contract language section that covers payment terms, incentives, indemnification, dispute resolution, manpower loading, milestone definitions, etc.Substantial Completion is usually defined as a property being able to used for its intended purpose.

I am not too far away in Charlotte and like you I’m looking to move past ownership for personal use into ownership for investment purposes.

PROPERTY MANAGEMENT□Have you compared the cost of managing your properties yourself to the cost of contracting with a property manager?

Hi, in regards to the comps, you could compare revently sold by $/SqFt and compare to what you are getting.

Won't use it for any other purposes so please rest assure

I wrote the above for informational purposes.