So after some discussion the attorney is going into the house with a disaster recovery agency to assess damage and get an estimate.

(In effect, the LLC limits the recovery to the limits of your insurance coverage; without the LLC the plaintiff can get the insurance and then come after you for whatever the insurance does not cover.)If you do any kind of partnership structure that does not have limited liability, then you put the partners' personal assets at risk.One other note:  if you do an LLC and your investors are passive (e.g., limited) partners, then you are technically selling them a security and you really, really need to get a securities lawyer involved in drawing up your partnership documents.  

Use moderate debt or even no debt so that if the market goes against your friend for a few years, you arent putting the whole inheritance at risk.  5)diversify into other assets, ie buy some stocks, some real estate and some bonds.  6) do a personal budget, everyone can overspend, the world is littered with pro athletes, entertainers and the like going bankrupt because they couldnt live within their means, especially with new found wealth.  

If an economic recovery actually occurred during the past eight years, the Fed didn't notice!

I do not know what that is like right now because I have been in the recovery mode for almost 6 years.  

Land Value Recovery - values have largely recovered (almost to the 2014 high point of the cycle) for land.  

I have been on this site full time for about 18 months while I medically recover.  I

You'll find my company/info if you search powerhouse recovery group. or PM me...Jay

I have a property in mind in a garauanteed location for tenants and in an area with garauanteed recovery of damages. the property is at market value and the seller will not come down on price however... there will be more business moving into the area that would drastically raise the value of the property.

There is a RE recovery fund to help with getting your funds back in these types of scenarios.I wish you all the best