Defined Goal: I want to acquire 100 buy & hold units that cash flow a minimum of 100$ dollars/month, in class B-C neighborhoods in the next 5 years. 

@Brie Schmidt I found the following under the Massachusetts general laws defining condos:''Common areas and facilities'' shall, except as otherwise provided or stipulated in the master deed, mean and include:—(1) The foundations, columns, girders, beams, supports, party walls, common walls, main walls, roofs, halls, corridors, lobbies, public stairs and stairways, fire escapes and entrances and exits of the building;(2) Installations of central services such as power, light, gas, hot and cold water, heating, refrigeration, air conditioning and incinerating;(3) The elevators, tanks, pumps, motors, fans, compressors, ducts, and in general all apparatus and installations existing for common use;

The key is to constantly better define your purpose to yourself, and experience it’s fulfillment.

Is there a grey area or is it clearly defined?

Specifically I am looking for a combined tax/asset structure strategist to work with to define this overall construct for my personal situation. 

The FTB takes the position that a foreign LLC does business in California if any member, manager or agent of the foreign LLC conducts business in California on behalf of the foreign LLC.FTB’s Statements on Doing Business in CaliforniaCalifornia defines doing business as “actively engaging in any transaction for the purpose of financial or pecuniary gain or profit” (R&TC Section 23101(a)).

This applicant would figure out he is not qualified because it's not yet trained and it is not assisting him.Here's the form:FORM TO REQUEST AN ASSISTANCE ANIMALWe are committed to granting reasonable accommodations when necessary to afford persons with disabilities the equal opportunity to use and enjoy our rental properties.Under the Fair Housing Act, a person with a disability is defined as a person who has a physical or mental impairment that substantially limits one or more major life activities.

I am talking low income rents (defined as $1200 or below).  

The state supreme Court ruled on it, but try getting your local building official to understand case law....I saw one city not long ago defined "substantial" renovations with a variety of things, including just converting from electric to hot water baseboard heat.Could a building department interpret a conversion from 2 to 3 bedrooms per unit (adding 3 total bedrooms and increasing occupancy by 50%) as substantial? 

Make sure you are on the same page and write out eaxctly how “profits” would be defined and split.