We received the Judgment against the tenants who continue to live rent free in the property.

Hello biggerpockets,I am trying to understand all the potential *legal* issues I can run into by trying to split a regular single family home that is zoned as such into essentially a duplex with 2 separate tenants, one living in the house and the other in the basement.

I would focus on finding a solid property in a solid location with tenants you don’t mind living with, force some appreciation through repairs or something like that, let time do its thing and then scale up if you want to.  

People need places to live and as long as people aren't moving out of the area in large numbers, run the numbers and see if they work for you. 

I have invested my life savings in real estate to earn a living, save for retirement and build wealth for my family.

New buyers who figure they can suck cash flow out of a property to live on creating a house of cards is a potential Ponzi and if unsuspecting and unsophisticated sellers are involved and a little fraud happens then where is the line?

I own a property where I rent out the lower apartment while my wife and I live in the upstairs one.

The second personal residence that I bought was a two unit and lived I one and rented the other. 

He did a search on that car model and color and popped up several cases open from other law enforcement offices from other towns.5.

How many times have you heard somebody say some version of this statement: “We made 100,000 on the sale of our house and we only lived there for five years.