Pitfalls of non-conforming units
I frequently see properties with non-conforming aka not permitted additions. Specifically, I'm looking at a multifamily property which had a garage, now converted to a studio. It has all the necessaries - kitchen, bathroom, windows, exit door - but what are the pitfalls of renting out a non-permitted structure?
Any success or nightmare stories?
This is my first time encountering this issue as a potential landlord.