My backyard has been used for a family members wedding in the past, but I'm not sure about the liability of having someone I don't know that well use my back yard for their wedding.They could have a huge wedding tent set up, have the mobile bathrooms parked, and have all the caterers operating in my backyard.Has anyone tried this or have any advice as to if this is practical?

(5) Tenant agrees to vacate the unit more than 7 days prior to the new lease Commencement date and further agrees to move out as per all conditions set forth in this lease

With parking and set backs and the size you mentioned I would be surprised if you could get a 4-plex on it.

Like others have said make sure the numbers nake sense but also be creative about how you can set up a deal so you can get the deal.

As far as I know, series LLCs have never really been tested in court so it is still somewhat unclear on how they will hold up but the idea was that each would be completely separate.Important note: In Texas, you have to set up your LLC as a series when you do your initial filing.

Set everything up on 10 year mortgages.

I would set up with an attorney.

I don’t want to make the mistake of setting up an LLC or S-Corp too late and running into problems, but I don’t want to deal with fees and a ton of paperwork for a business that isn’t creating income yet.

Welcome to BP @Wil Tasco III You might want to set up some keyword alert for Philadelphia so when anyone post about it you will get notified.

Oh well, I'll try to taylor my posts to be more nebulous for future reviewers;)  If you are interested in specific markets, set up keywords or run searches for cities in those markets.