If they had bought using HML this wouldn't be an option and the seller would have needed to shortsale or bring cash to close.

I wouldnt go to meet ups saying I own a coffee shot, tech company and amusement park. 

If you are in the state of Florida, this can be an interest-bearing or a non-interest bearing account, HOWEVER your tenants must be informed at lease signed the name and address of the bank where the security deposit is to be stored.

Again, that will be an added expense that you will want to factor in.

Same goes for the guy I invested with that is his buddy that used to be an attorney.

I didn't do it because it was going to be an extra 4k per year that TN would have charged.I had a trust own the TN property then have a Wyoming LLC have the beneficial interest of the Trust.

Trusts may be an option, however the type of trust that the mortgage and title insurance companies will allow you to transfer to will likely not have any creditor protection.

If you ever want to talk real estate, DM me and let’s meet up for coffee.  

It sounds like from your post that there may be an existing garage there currently, but the original surveyer screwed up. 

I think going the FHA 203(k) route could definitely be an option for us.