That might have to be my story.

All great things to consider and I appreciate the recommendations. 

The Mortgagee may consider that this income is reasonably likely to continue for three years.Calculation of Effective IncomeThe Mortgagee may only use Section 8 Homeownership Voucher subsidies as Effective Income if it is not used as an offset to the monthly Mortgage Payment.

Not adding any additional living space, just dividing the two units, putting a kitchen in one of them, and probably not having to add a bathroom to either unit.  

I’m going to lend  to a few people I know with LLC ‘s  on some mortgages and receive interest , I am not putting myself out to public lending just some commercial loans as LLC single member pass through  , do I have to pay local taxes in Florida , I have no brick and mortar , no employees , just LLC in Florida and live in Texas , there is no work involved I just receive interest .

Quote from @Gabriel Santin: You can get an approval from the HML and get that to show the agent..

Welcome to BiggerPockets!

I want to have the capacity to terminate their lease if needed.Is that lease valid?

Great Post-  I appreciate you saying what a lot of the Gurus fail to explain: that this is a long term process and in a lot of cases we don't see the benefits for years to come. 

Hi, good afternoon my name is Cesar i’m new to the biggerpocket forums, I’ve been reading the book rental property investing by Brandon Turner that’s how I found out about the forum.