The main issues i see with this idea are:1) Splitting utilities is going to be very expensive and most likely kill any real margin 2) Actually get permission to split the home, there are however seperate entrances and windows so there might be hope.Any Input?

The main assumption is that both you and the seller can read and understand the sales contract you will be using...and it should be readily understandable.

Joint venture > Silent money parter would be my two choices.  

@Darsh Patel  Section 8 (Housing Choice Voucher Program) is a federal program; however, it's administered at the local (county) level. 

The day before, the borrower declared BK13....no problem I thought, as their arrearages are substantial, and their payment plan would be a great cashflow ROI, the main reason we bought this note.   

Main home is a 3bed/2bath and MIL suite is 1bed/1bath.

I have hit my goal (bought and sold enough to cash out on my dream bike) in that field and want to upgrade my side hustle.I am mainly interested in the idea of buying low and selling high (isn't everyone) as I am not sold on the idea of rental properties just yet.

The official HUD title of SEC 8 is the Housing Choice Voucher Program.

Not to mention the occupancy taxes in the state of Maine.

The only time I've looked at jacking up a floor is when the main trusses in the basement are split and/or have WBI damage.