@Chelsea Mastin and @Al Williamson You could split with town/municipal approval without condo-ing.With basement units egress windows are usually an issue. 

@Sam Josh as usual, it depends on where and what type of property you have.

Where you get in trouble is usually when you try to raise money for business enterprises or investment purpose.

I know the point of a LLC is to protect your personal assets and therefore it is usually recommended not to include your name, use a PO box, etc., when creating the entity.

Then I usually use the Behr paint. 

Most states have verbal lease laws that they would still have to adhere to which are usually very lenient and tenant favorable.

They may not question it as much.To answer your other question, if you refinance and the loan is no longer owner occupied, the terms will usually be less favorable.My biggest concern is that you're looking to buy a 4 to 6 unit.

Specials can be for things like street work or water main updates, but usually it is for past due taxes and water bills. 

The phone calls usually have about a 79% success rate “meaning the owner is willing to talk at least”.

After they are paid, they usually will not give you their tax ID, as they tend to hide this income from the IRS.If they refuse, filing 1099s without SSN does not accomplish anything, really.