Bottom line as others have said this is a situation to enlist competent legal guidance in this scenario to review the pros and cons.

Dive in, ask questions, and share your insights—we can’t wait to see where this journey takes you!

A lot of this depends on what type of development you want to get into.

But wanted to add that you may want to consider a consultation with an attorney or even your liability insurance company to discuss best ways to handle this up front to avoid mis-steps in communication with the tenants, neighbors, media etc.

When you work this as a business, many.

This can help prevent potential conflicts down the line.

HiI have been reading BP for the last month and find in a great place to learn.My real estate experience includes working at a rental agency for 5 years and going PM accounting for 4 years.

I want to know if this type of business qualifies as a “real estate professional” status.

Have them sign a lease addendum that covers this issue. 3.

The thing is, is this normal?