I would say consult a legal person to help you with this but it always seems to me that if it is a rental you split the monthly profit.

I am more interested to know the operational and legal ramifications of this set up though if this model is successful to improve the cash-flow and the value of the building in min 5-year time frame.  

I wouldn’t want to represent myself if the tenant gets free legal counsel from tenant advocate groups.  

And it sounds like there would not be any (legal) problem with beginning and ending rental contracts on the 15th/14th-- is that correct?

The property next door is a triplex in a smaller lot,  that was grand fathered in.I wonder if that easement could be argued to provide the square footage needed to qualify for a conditional use permit.

Hell, mabye even permits.

Check with zoning to make sure its a legal 2 unit house .Besides that if you separate the electric , and get it for $135K  its sounds pretty good . 

We're wondering if anyone knows an architect who's familiar with the process who can help walk us through the permitting process (we've done extensive renovations in the past, but never in this county).Also, would love to hear any pearls of wisdom from anyone who's renovated in SF (including working through the permitting process, anything you wish you knew before you started, regulations that are unique to SF, etc.)  

I am starting to think about the proper legal framework on my rentals to protect my personal assets/credit (such as an LLC, S-corp, etc.).

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