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Lifetips president Byron White had a bit of a different take on the home office. When he first started out, he was able to save office rent by renting in a residential area; however, to satisfy the "residency" requirements of his "home office," he often slept at the office during the week! (Source: Wall Street Jounal, "Space Crunch Lures Firms to Residential Locations," November 1, 2000.)