If you are going to owner occupy and have no intention of drawing attention from the city (pulling permits, or asking for a zoning change, etc) you might be fine.

I still don't see why anyone would suggest that you use a QUIT claim deed to add your wife onto title when your intent is to remain on title along with her. 

At the expiration or termination of the Lease term, Tenant shall repair any damage to the Premises or its contents and shall leave the Premises and the contents in a clean and good ordered, undamaged condition with the kitchen and all appliances, bathroom fixtures and building equipment clean and in the same condition as on the first date of the Lease including without limitation all interior and exterior finishes of doors, walls, banisters, closets, cabinets, ceiling, railing, trim, stairs, appliances and equipment it being the intention of the parties that the Premises shall be returned to the Landlord in its original condition.Tenant shall also:Maintain the house and all appliances, such as refrigerator, stove, dryer, washer, alarm, heating and window air conditioning units, if any, and return in the same working order.Promptly notify Landlord of any repairs even if some are Tenant’s responsibility.Promptly remove all garbage and debris and place at the curb for collection in secure containers respecting all applicable recycling laws.Use all plumbing, heating, cooling, gas and electric and other facilities in a safe manner.Not flush wads of toilet paper, grease, oils, coffee grounds, fibrous materials, q-tips, sanitary napkins, tampons or condoms in the toilet or down any drains.

@Brad Hammond If your intent was to sell you may have worked against yourself by adding the 5th unit.

Hopefully that is your intention and this is coming as a surprise.Best of luck to you!

But I guess not everyone is happy with my intention.

I am flying from out of state with the intention of moving to KY this winter.My first call was to MLP Management Co and all I received was a nasty earful when I asked the name of the person that picked up the phone. 

It has worked out well from an investment standpoint (decent cash flow) especially considering the initial intent was to own and live in the home. 

And it's a very astute observation.The reason I have such a strong reaction when I see posts like this is because, although very well intentioned, it has the potential to lead the less experienced on BP down a road to ruin.

Once I wasn't sure if I'd have it sold or back to them in time and didn't want to lose it if I couldn't, so I had a shorter more favorable interest rate, with the intention of paying it off, and if I didn't in x amount of time the interest rate jumped a LOT.