Ideally I want to be there for a year or two then move out and continue renting each dwelling unit.I am wondering if there is anything legally that would prevent me from doing this without going through the process of making it a legal duplex?

I’m just trying to figure if it makes sense to delay the closing to 2019 but my question I mentioned above re: the date of election after starting the flip project is whether or not it would prevent me from getting taxed as S Corp on profits from that certain project because the election would be made after the project started?

Fannie has/d a deed restriction on their homes that prevented a lot of buyers from flipping them as-is.

Your best payback is actually sealing existing windows to prevent drafts rather than replacing.

As much as I hate the smell of cigarettes, I dont think there’s any way to prevent tenants from smoking. 

They think that asset protection planning is immoral because it prevents a creditor from collecting on a judgment entered by a court. 

@Ned Carey How exactly can we do an addendum correctly and what to avoid/prevent that makes it incorrect?

To me -- saving every penny, getting rid of unnecessary costs, paying down debt -- these are things to free you up to start investing, which I hope would be the primary goal of folks on this board.

However, I believe FHA with low down has to be owner occupied, so that might prevent you from getting another deal that isn't house hacking.

I would argue you really only need 5 components for Rehab Project Management:Estimation & Budgeting - Tool to help estimate construction costs & create a Scope of WorkGantt Scheduling - Tool to build timelines of major project tasks, milestones and deadlinesTask Management - Tool to manage day-to-day tasks and to-dosOverall Calendar - Tool that populates all of your Schedules & Tasks into one Calendar view (ideally integrates w/ Google Calendar)Budget/Expense Tracking - Tool to track your actual project costs against your initial budgetEverything else seems unnecessary in my opinion.