Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

With the rental being part of your primary residence, a majority of those activities such as lawncare and maintenance would just count as personal activities anyway.

Hi Sohail, I've got a great commercial lender that I have used personally and my clients have used for various commercial deals.

If you stick to finding equity, refinancing/flipping, you can turn that into cash flow (+ cost seg) to keep as much of your hard earned money as possible.

I've done both personally. 

Another issue is these homes have standard 15-30 year loans in my personal name ..... so that is another issue ! 

If the buyer certifies that they are going to use it as the primary resedence and it has a use and occupancy permit that alows use as a personal residence then I don't see why a lender would not. 

If it is a multi-unit property, and you are the tenant without the cat, your agreement is with the landlord and it is their problem.IF you are either the landlord or the person with the cat, its the tenant with the cats problem. 

I am personally staying away from STR‘s and MTR‘s because of its inconsistency.

You have code enforcement issue in one of those cities and they do not know you, your life is not going to be easy meanwhile the person who has been there for 10 years and knows the inspectors families name will have a very different outcome than yours.