Is it legal to have an electrician separate the second and third floor, and add a meter to the third floor?

Is that even legal? 

Not legal advice.

If you do both those things and do not live in it, it is mortgage fraud.Just wait till they open up the window to investors and do everything legally.

There are inexpensive pre-paid legal services which will provide document review as a benefit.

Motivation: always loved houses - and when our 4 kids were small I needed to find flexible ways to make additional incomeBiggest struggles: Early on it was finances - had to work with OWC deals only - learnings: tried to absorb as much as I could from the seller perspective such as: what lenders want to see in a home, how lenders qualify buyers, what buyers want in a house, how to create a viable product with limited funds (safe, legal, and appealing)Love & Hate: love a project - finding the deal, turning a dump into a palace, and getting it sold. hate being a landlord - just not for me. 

Greetings BP,I'm not giving any advice here, legal or otherwise, just sharing a reminder / FYI as October 3rd rapidly approaches, which is when the new TILA-RESPA amendments goes into effect.

You better be learning your state statute because it declares what is legal and what is not.

You must be of legal age to contract for yourself in anything.

You can walk away anytime you want and not be legally entangled in some mess a thousand miles away.