I had a tax professional prepare my taxes with no issues.

3) If in the event zoning is an issue, or it makes more financial sense to not convert to a commercial loan, is there a way to SPLIT the quadplex so that each duplex sits in its own lot and I become the owner of two separate lots, each with one flat roof duplex?

I'd expect it to fall under common law if ever challenged.

My lease says the rental will be provided pest-free and I will cover any pest issues for the first two weeks.

He's bought over a dozen single family properties over the years (for vacation homes mostly) and he said every single time he just called the listing agent directly and got it done.I know most people generally frown upon this because the buyer agent is supposed to help get a better price, negotiate based on issues w/the house, etc.

It is more volatile, but it has higher appreciation rates because property prices are so much lower compared to the surrounding cities.Did you hear of the water shortage/water rights issue in EPA? 

Most lenders will wrap in PIP costs as it's very common to hotel transactions.  

The first thing I would do is issue an official notice stating how much they owe as well as a lease termination and if they don't pay it within the period prescribed by your state and leave they are being evicted and or sued in small claims for the past due rent. 

As such, before making any investments always do your homework and consult financial advisors and real estate professionals where possible.We’ve put together a list of common mistakes that first-time (and sometimes veteran!)

Do you think I'd have issues renting it out and/or selling it?