The downside of this option is that I lose some square footage and sitting space that I could make functional.Has anyone dealt with selling a home that has had an abandoned oil tank?

One parking space per accessory dwelling unit shall be provided.

@Mark Bookhagen You still get the depreciation and write offs with single family too.

Anyone can comment on how to split electrical bills for a shared space? 

@Mark Fries sounds fun.

I invest purposely in rural areas because I cannot find the desired returns with compressing cap rates in the apartment community space.

My parents own their property and have enough space to build a 4-plex.

@mark I have notice a similar filing just this year on a property in Dayton Ohio.

The FHA says that examples of such problems include but are not limited to the following: Missing handrailsCracked or damaged exit doors that are otherwise operableCracked window glassDefective paint surfaces in homes constructed post-1978 (because of lead paint hazards)Minor plumbing leaks (such as dripping faucets)Defective floor finishes or coverings (worn through the finish, badly soiled carpeting)Evidence of previous (non-active) wood-destroying insect/organism damage where there is no evidence of unrepaired structural damageRotten or worn-out counter topsDamaged plaster, sheetrock or other wall and ceiling materials in homes constructed post-1978Poor workmanshipTrip hazards (cracked or partially heaving sidewalks, poorly installed carpeting)Crawl spaces with debris and trashLack of an all-weather driveway surface=================There are many areas, however, where the FHA does require problems to be remedied in order for the sale to close.Electrical and Heating The electrical box should not have any frayed or exposed wires.All habitable rooms must have a functioning heat source (except in a few select cities with mild winters).Roofs and Attics The roofing must keep moisture out.The roofing must be expected to last for at least two more years.The appraiser must inspect the attic for evidence of possible roof problems.The roof cannot have more than three layers of roofing.If the inspection reveals the need for roof repairs and the roof already has three or more layers of roofing, the FHA requires a new roof.Water HeatersThe water heater must meet local building codes and must convey with the property.Hazards and NuisancesA number of conditions fall under this category.

The previous owners have reported when it gets very cold (0-10 degrees Fahrenheit) they will put a space heater in the basement to hopefully prevent the pipes from freezing.