He is waiting to be transferred into a nursing home.

Typically the suit amount is based on damages to the plaintiff, not the assets of the defendant.You can also note, typically no lawyer wants to wait for an LLC to liquidate to get paid. 

When you refinance a property as an owner occupied property, you are signing a new 12 month occupancy clause which means you need to live in the home as your primary residence for 12 months after you do the refi.Rates are on a downward trend and likely will continue to do so for the next 12 months so you may have time to refinance your loan in the next year or two into a fixed rate while you are still living in the property so if you planned on living in the home for 3 years, you could wait 2 years for rates to drop and then refi as owner occupied into a new 30 year fixed rate.Alternatively, you could get into a fixed rate now at at 5.875% on a 30 year fixed rate if you qualify for the "HomeReady" program (HomeReady is an income limited program that gives buyers a fantastic rate).

Look at every property and the first one that lays eggs like the Golden Goose is what determines which class is best.

You should wait until you see 5 to refinance in my opinion and use your income, which must be good, to work on an investment property.

After getting my offer was accepted the waiting game began.

Stick with the books and take the steps that they lay out.

I've been interested in real estate investing for quite sometime and decided to get my license while I wait for my main gig to get going again.

Also curious how others navigate our short term rental laws (seems like many property owners are advertising for periods shorter than the 14 day minimum) Also curious if many owners are actually paying hotel taxes to the county or waiting for more clarity on the law

After getting my offer was accepted the waiting game began.