I have not had a single one of the negatives people seem to think is above.

From google: “The Fair Housing Act (FHA) does not apply to certain types of rentals, including: Owner-occupied buildings: If the building has four or fewer units and is owned by the person who lives there Single-family homes: If the owner rents or sells the home without using a real estate agent, and they own no more than three homes Religious organizations: If the property is only available to members of the organization's religion Private clubs: If the property is only available to members of the club Senior housing: If the property is designated for people who are at least 55 years old Even if a property is exempt from the FHA, it must still comply with the law's ban on discriminatory statements, notices, or advertising.

Why do you think you can just split a single-family into two units? 

I teach people about buying single-family homes under market value and then selling them on a lease option.

It really sucks to kick out single moms who have not paid rent in 6 months when they are crying in court. 

They are buying NNN single tenant or NNN multitenant retail properties in TX, OK, SC, NC, GA, FL, AL, TN - the states to which the population is migrating and that have business/real estate friendly governments and lower taxes. 

Nonetheless, I could see applying this law but only to rentals owned by a single person above a certain number.

Was thinking it could be good for a short term rental or maybe just renting out a single family.

Purchase price: $219,000 Cash invested: $63,275 Buy and hold single family residence using a 203K loan What made you interested in investing in this type of deal?

Something to watch if you are mindful of the government being over-involved in nearly every single LLC registration.