Sorry I should point out you need to keep gutter discharge water away from the foundation  at least 10 ft .

Respectfully,Zach The best bet is likely to create a new LLC that lays things out in a straightforward but legally strong and standard operating agreement, etc. - LLC doc sets are fairly cheap and easy to create these days (with limited assistance from lawyers) and its much much better to have that cover bases on arrangements like this - it will also fit nicely with financing options - whether you take on debt from a lender in a co-equity situation like your first plan (refinance loan to LLC post rehab?)

With weather getting more and more unpredictable, it just seems like something a tenant could complain about that, even if you didn't do anything wrong, could land you in hot water. 

Now have water installed, w/ 6-bedroom (4-bedroom house and 2-bedroom ADU) septic approval.

A standard 4plex sells for $1M but rents for $4800 with a $6k+ mortgage.

Always looking to partner up but you have to be able to get into the water with me.

I would do these to current code standards, and other smaller alterations all to code, without gaining permits.

We 1031 that money and the money from the timber into 3 lakeview lots in Idaho that already have water, power and sewar.

Rent Relief (I think it came from the Covid Rescue Plan) just paid 7 months worth of rent (past and future rent) as well as her water and gas bills.

300k - 5% down at 7% yields about 2800 mortgage, PMI, insfor easy number after reserves for cap-ex, repairs, vacancy, water/sewage - $3800I do not plan to live in the property.