SFH functioning as Multiplex - risks?
BP friends, I‘m looking for some thoughts on potential considerations when evaluating the merits of a single family house that has been designed to rent out 4 units separately. The numbers look good, it a very competitive rental market. It has solar that takes care of most electrical, so the fact it doesn’t have separate meters may not be an issue. It also has a small studio that I thought could be rent free living for someone to look after the property. Anyone have experience doing this and can offer up some advise?
This isn’t an official multiplex. What risk does this expose me to, if any? Also, it has a very large set of stairs to get to the front door (85). Should I be thinking about legal risk should a tenant fall? (No snow risk).