Yes it is a Multi Family house Hack I live in the main part of the house they live in a attached apartment. check your city or state laws  but federally if your owner occupying you are exempt from federal fair housing laws. 

The title company generally knows the particular state laws better than we do.  

My TX RE Broker has never heard of this law and I cannot find anything on the Internet about it?

We are certainly not looking to break any laws or be subject to tax penalties so I was wondering if there are any issues we may run into there.

If you remain resident in Canada, in augmentation of Eamonn's advice, I would suggest you consult with a CPA - and possibly attorney - experienced with Canadian tax law and business organisation when holding foreign assets.Having your U.S.A. business (and assets/properties) be held and operated within a U.S.A. corporate entity will provide you with control over the repatriation of retained earnings.  

My father in law is a general contractor and I plan to use his help throughout this process.Originally posted by @Jonas Mai:more points to add... once you get in the middle of a claim for yourself you will gain experience that IS very valuable for anyone with property (experience probably worth more than the10-20% your PA will take along with your chance to learn) .  

Trust law is some of the most complicated areas of law.

BNI offers a very good book on Baltimore landlord tenant laws and also has a lease available.

In terms of using the HELOC funds to invest in a rental property, the interest would still be deductible under the new law. 

The home I'm analyzing now is 1235 Plantation Dr, Dickinson, Tx 77539 (Last time I tried to link to something it didn't work so I apologize if this one doesn't either) What I'll be looking for when I'm actually in the market is something cheaper (hopefully with built in equity) with a mother in law suite that I can live in while I rent out the main household.