You could also consider an FHA 203k loan if a property makes sense for it.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

The downside is that most knowledgeable passive investors won’t consider an investment that hasn’t had at least a Reg D filing, and that the sponsor opens himself up to lawsuits from disgruntled investors and has no statutory defense that he would have had he done a proper Reg D offering.  

Make sure it cash flows and consider an independent appraisal.

You may want to consider an umbrella policy with a lot of coverage.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

CodeNotesprev | next(a)In generalSubject to subsection (c), any consumer reporting agency may furnish a consumer report under the following circumstances and no other:(1)In response to the order of a court having jurisdiction to issue such an order, or a subpoena issued in connection with proceedings before a Federal grand jury.(2)In accordance with the written instructions of the consumer to whom it relates.(3)To a person which it has reason to believe—(A)intends to use the information in connection with a credit transaction involving the consumer on whom the information is to be furnished and involving the extension of credit to, or review or collection of an account of, the consumer; or(B)intends to use the information for employment purposes; or(C)intends to use the information in connection with the underwriting of insurance involving the consumer; or(D)intends to use the information in connection with a determination of the consumer’s eligibility for a license or other benefit granted by a governmental instrumentality required by law to consider an applicant’s financial responsibility or status; or(E)intends to use the information, as a potential investor or servicer, or current insurer, in connection with a valuation of, or an assessment of the credit or prepayment risks associated with, an existing credit obligation; or(F)otherwise has a legitimate business need for the information—(i)in connection with a business transaction that is initiated by the consumer; or(ii)to review an account to determine whether the consumer continues to meet the terms of the account.

If possible, have them name you on the policy so you get notification if the policy goes into cancellation.Lastly, if you rent to a dog owner, you may want to consider an Umbrella policy. 

When I went to the Fresno planning department, they confirmed they would consider an attached garage conversion a JADU and anything detached as an ADU.