This article was co-authored by Michael R. Lewis. Michael R. Lewis is a retired corporate executive, entrepreneur, and investment advisor in Texas. He has over 40 years of experience in business and finance, including as a Vice President for Blue Cross Blue Shield of Texas. He has a BBA in Industrial Management from the University of Texas at Austin.
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Homeowners and real estate investors sometimes contemplate the subdivision of residential property in pursuit of profits. There is no standard process for doing this. Laws and regulations vary from one location to the next. Contacting the nearest planning and development office is the best way to get specifics for your area. The following article offers some general information and suggestions.
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