In no way are they meant to be legal advice and to be honest should most likely just be ignored :)You most likely could do it that way and could easily be within the contract to do it, but it may cost you some reputation in the future (or your realtors reputation).Think if you had a house for 100K and got an offer for 98K that day and said "Sure works for me" sign away.

The politics may be peaceful or even openly hostile with legal actions.

Legal disclaimer:I am not a lawyer and do not practice law or contracts in your area, I'm just some dolt on a message board giving his opinion.

As for the party on the 3rd floor, if they are breaking the lease by having unsanctioned pets, you can move to evict as well.As far as the weed goes, this is becoming a difficult grey area for me, as 'medical marijuana' is legal and getting a card seems to be trivial.

Once you have a portfolio, THEN the cost and effort to maintain an LLC *may* be worth the effort.Be advised, it's $800/yr to keep an LLC in Calif AND the list of members must be filed annually.All the seminars taught the legal entity stuff (usually due to the vested interest in 'helping you') but IMO a good landlord insurance policy + an umbrella policy is sufficient for "well behaved owners".

Requiring "contractor review" essentially saying I need 3 days with power to walk through with a contractor.If you are talking about for the lender etc, that will be up to them.Looking at your legalize (and I am no lawyer by any means and not offering any advice) but I read it as to say he can't tell you he is a certified home inspector and you couldn't go around selling his services as one.

Increase in Family Size - A borrower may be eligible for another house with an FHA-insured mortgage if the borrower provides satisfactory evidence thatThe has had in increase in legal dependents and the property now fails to meet the family’s needs; andThe loan-to-value (LTV) ratio on the current principal residence is equal to or less than 75% or is paid down to that amount, determined by comparing the outstanding mortgage balance to a current residential appraisal.Vacating a jointly-owned Property - A borrower may be eligible for another FHA-insured mortgage if the borrower is vacating (with no intent to return such as divorce, legal separation, etc...) the principal residence which will remain occupied by the existing co-borrower.

My approach is to learn about selling houses by getting out in the field, understanding & assisting buyers in the different ways that they can purchase & acquire property, being knowledgable about assessments, the legality part of real estate & property ownership, and, of course, commissions.

Legally speaking...can I deed my house to an LLC I create, thereby treating the house as a business and not a personal residence?

(Before you ask, I cannot give legal advice or barter my services, I'm working for the man and could get into some deep water, but I will try to give information and referrals if I can help.)I still have yet to do my first deal.