I have so much demand and they're all coming for the community aspect, which is missing so much in today's times.

@Anthony Gayden Lol, I thought I was the only one who was fascinated by the people on American Greed and try to synonymize some aspects of it to real estate. 

I understand that the property will still be covered by my personal liabilty insurance, but I would like to move the other business aspects into a separate business identity.

I’d like to think that the personal aspect of showing up on someone’s door would have a greater influence in their mind than, say, a mailer or phone call.

v=tU_rXk2uRLc) if you want to check it out.And, if you are going to raise money from others, you will want to make sure you understand the legal aspects.

Managing them is another world and there are all sorts of lovely aspects that newbies (who haven’t done research) won’t expect.

Also, the whole 'can't check for leaks' aspect is a recipe for unhappy surprises, especially since it's clear there is water damage alreadyNow, all that being said, if you are looking for a property you can fix up and then rent or sell, and the seller is willing to drop the price to a level where your rehab costs won't destroy your returns, that's another thing.

The prices in Bonita Springs work better compared to Naples however one aspect of Bonita Springs that scares me is the flood insurance.

Most huts require a signed waiver . . . maybe that helps with the liability aspect.

Even if we have to keep the existing floor plan I think we could still charge $1400-1600 in rent for the area based on comps, which would still make this a profitable deal.Here is the unique aspect to this deal that I could use some help with.