Study your stste landlord tenant regulations before you purchase so that you know the laws.

That will indicate you have a strict business practice that will not be flexible and puts the decision back on the tenant to act.   

But that's what he told me.The section in the title policy that the Zoning attorney cited under the "covered risks" section:"The violation or enforcement of any law, ordinance, permit or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to:the occupancy, use, or enjoyment of the land"The Zoning Department is saying that the garage use violated the city ordinances.

If it strictly references property damage, I might be leery on charging to do house cleaning, et al... but those are my non-legalistic first blush impressions.

Jehan,You always have HUD specifications/regulations, which look fine based on your occupants.

I think it is a great way to maximize cash flow, but I have heard that some cities have very strict laws.

I'm hoping to keep this investor as strictly a debt investor, not an equity investor, but I'm open to structuring the deal in whatever way makes sense and creates a win-win scenario.The investor I'll be talking to is a 65-year old high net worth individual who is a personal friend.

Registered cab companies have existed in their current form as long as they have due to terrible government regulation manipulating free markets, and are now in secular decline.  

I know some property management companies are strict and have their leases expires in the summer and if the tenants dont' renew, they kick them out because it's the easilest time of the year here in Vegas to find tenants.

Clearly, we were strictly trying to avoid unauthorized tenant to move in.