Have to agree with @Carl Fischer - logical underwriting is an endangered species.

So I called FHA directly and was told it is possible as long as 51% of the property is considered livable, its 4 units or less, and that the commercial space doesn't endanger the occupants.

But the tenant is Section 8 so I understand a judgment will prevent her from moving...or possibly endanger her voucher if she doesn't pay. 

You have land with an existing structure on it, raw land, land that has been entitled, etc.The topography of the land, any views,if it has streams, flood plains, endangered species, weird lot size, etc. can all have big impacts on value. 

You want to "control everything, own nothing" so as to be as unattractive a lawsuit target as possible.You want to assure that a lawsuit from one property will not endanger others, or at least not a "large" portfolio of smaller properties.You want to emplace a layer of protection between your entity structure and yourself personally, as well.

Originally posted by @Mindy Jensen:Poorly maintained properties could cause havoc and endanger the health of the public.

Quick question;What would you do if your mother-in-law starts breaking the terms of the lease and endangers your investment.

Not once.Here’s how to endanger the property and have the lender call the loan due.

Without the ability of these smaller captive lenders to survive, the related businesses would also be endangered.5.The overwhelming majority of these chattel lenders handle both their own origination and service of these loans thus eliminating some of the problems that occur in the mortgage industry.It is also important to note that the concerns addressed in the proposed regulation regarding safeguards, the Federal Trade Commission already has strong standards in place that govern non depository lenders.

Then you endanger the sellerThe reason why home owners in Ohio are upset is that there's wholesalers tying  up properties and they don't have a plan B in case they cant assign the deal And get the home sold