Updated almost 15 years ago on . Most recent reply
LLC & owner occupied covenant for 2nd unit...
I'm looking to get a property that requires a covenant to build the second unit (part f why I want it), yet to make the deal worth while to my partner I need it to be a rental. So I will own it through an LLC and rent from myself (waiving tax & insurance write-off). If I own it through an LLC is it owner occupied? Who and on what paperwork would that be qualified on?
Thanks.