If there is an estate or something else that lays claim to it and you gave it to the father, it might cause some issues. 

You are in Los Angeles, whoever told you to lay low is giving you bad advice.

If you dont meet the reserve then the bank has the option to wait and repost the deal at a later time.

Short-term rentals are such an exciting avenue, and your approach of blending investment with family usability is both smart and rewarding.We’re thrilled to have you here and can’t wait to see your journey unfold!

Thanks for having me, and I can't wait to meet you!

"Now you need this' "next you need this" Finally you're in vegas at super mystery weekend with screaming motivators and you feel like your're just waiting on Jim Jones or David Koresh to come out and tell you how to get to paradise. 

The theory is good, not pay $1200 for a lawyer to do an eviction and wait 4 months not getting paid rent when you could pay $800 the first month of non payment.

I'm just waiting for all of the people who bought Florida land in the past 30 years -- when global warming became widely known in society -- want the federal government to bail them out for declining property values even though they knew they were buying in vulnerable areas.

The con is obviously the cost because in addition to waiting a long time for permit, it requires serious structural changes + roofing, etc. 

Should I wait until I’ve purchased the property, or start once I’ve decided on the target market and city?