But since the whole family seems to be staying there at least on the weekends, it would appear he's also using the place for recreational purposes as well.

Umbrella policies are very cheap and cover your vehicles, your home, some professional pursuits and recreational vehicles in a secondary manner.

Steven Mitchell Also, don't try and recreate the wheel here.

Considered going for seasonal tenants as its a recreational area, but we have lots of people looking for affordable .

Dissolving/recreating the LLC is something I'd like to avoid.i'm reaching out to that same lawyer with this question but wanted to ask here as well.

The Building is a sharp edged U shape with a court yard that can be put to recreational use as well.Your thught...

The Real Estate Investor and the Life Change Index Scale (The Stress Test) to scientifically and systematically determine the motivates seller (future title of the book)Event Impact Score and the Score of the Owner / SellerDeath of spouse 100Divorce 73Marital Separation 65Jail Term 63Death of close family member 63Personal injury or illness 53Marriage 50Fired at work 47Marital reconciliation 45Retirement 45Change in health of family member 44Pregnancy 40Sex difficulties 39Gain of a new family member 39Business readjustment 39Change in financial state 38Death of a close friend 37Change to a different line of work 36Change in number of arguments with spouse 35Mortgage over $20,000 31Foreclosure of mortgage or loan 30Change in responsibilities at work 29Son or daughter leaving home 29Trouble with in laws 29Outstanding personal achievement 28Spouse begins or stop work 26Begin or end school 26Change in living conditions 25Revisions of personal habits 24Trouble with boss 23Change in work hours or conditions 20Change in residence 20Change in schools 20Change in recreations 19Change in church activities 19Change in social activities 19Mortgage or loan less than $20,000 17Change in sleeping habits 16Change in number of family get-togethers 15Change in eating habits 15Vacation 13Christmas approaching 12Minor violation of the law 11TotalDirections If an event mentioned above has occurred in the past year, or is expected in the nearfuture, copy the number in the score column.

Do you just fly locally for recreations or do you do a decent amount of cross country hopping?

To pay for the blueprint, instead of wasting time and money trying to recreate the wheel and figure it out on your own.  

Hopefully, judgement and advice from this forum will allow me to narrow it down to a single choice so i'm very eager to hear from you all;1 - A slow start at a small scale (cash)a) Move in late October, applying for a bank account and small credit cards where feasible to build a credit history. b) Buy a simple and turnkey 3BR single-family to househack for ~ 100k in my own cash (Such as [1.i]), while transplanting or recreating my exterior cleaning business (1.ii).c) As soon as any lender would allow, exit through whatever HELOC/mortgage on the house I could secure in order to buy a new one again in cash, and repeat until a 'normal' lending process is offered.With only the taxes, insurance, maintenance, capital expenditures, and vacancies to account for at first and with room rentals in the area going for around 500-600/month, this seems to be a soft and forgiving method to land, and will become the backup plan regardless of my chosen path.PROS:*Eliminates FICO scores, lender/underwriter scrutiny, and credit history as potential barriers;*Least risky due to small total investment;*Least complicated process, and;*Lowest initial ongoing expenses.CONS:*No leverage - Stuck for a prolonged period before continuation;*No diversification - All eggs in one basket until refinancing;*Effort, risk, and expense of starting a temporary small business, and;*Loan ability throttled by self-employment.