It turned out the neighboring tenant was a raging alcoholic with mental health issues.

You can have as many properties in the same account as you would like or if you are looking for more deductions simply create new accounts like college savings account for your kids, or health savings accounts, or whatever. 

Each city has it's own process for handling this.If was actually being used as a four-plex when you bought it and the county recognized it as a four-plex, you should have a pretty good argument that it's a four-plex, but you might have to take it through some sort of process to get it officially recognized.So talk to the city.

Officially my first BP post.

Because it's my close friends and family, I don't charge anything so it's not as official.

@Matthew Schroeder I was listening, on the radio, to a local government official who noted that Indianapolis had approximately 10K folks move into  downtown area - mainly millennials and empty nesters.   *** past performance is not an indication of future growth

This leaves too little margin for us to be comfortable.Since I am still in my inspection period, I understand I can withdraw for any reason, but I want to send an official letter and get it signed by all parties so the Title company will return my EMD.

Circumstances should be something real like health, financial change, divorce, death etc.The properties I have seen change purpose have never had a loan called due etc that I know of but you don't want to be that one case someone decides to chase.Lenders seem to have lots of data anymore, we see them watching utility billing etc to determine occupancy.

Now it's time to officially test the waters. 

The man has his own business, he officially trims and paints houses, but there isnt a job he cant do.