If the new property cannot be added to trust immediately, how do we ensure that me and my child is the beneficiary on the property in the meantime?

Specific asset protection clauses need to be added to any trust, which must be discussed before hand, otherwise if done after its a fraudulent transfer.

The maximum amount of the energy package that can be added to the borrower’s regular FHA loan amount is the lesser of:· A cost-effective improvements to be made (energy package) based on the home energy assessment; or· the lesser of 5 percent of:the Adjusted Value;115 percent of the median area price of a Single Family dwelling; or150 percent of the national conforming mortgage limit.An FHA-approved lender can access FHA’s EEM Calculator to determine the dollar maximum amount that a borrower can finance for energy improvements.

I wont give tax advise as thats not my wheelhouse, but in order to pull equity out of this home you'd first need to be added as owner. 

So that would also be added value. 

You do not want to be added as "additional insured" - that will give you coverage, but that will also create a conflict of interest in the case of damage/claim, if the tenant doesn't want to pay, you'll have to sue...yourself.4.

Need to focus in market where supply is tight and creativity/value add investment can be added. it's tough.

LLC can be added as Additional insured party.

This could be adding more bedrooms, converting a garage into an ADU, etc.On my second house hack, I did the FHA 203(k) loan.

I planning to have backyard installed in new construction SFH.I read this cannot be added to the cost basis of the rental property and be depreciated by 27.5 years since it is not an improvement to the property.But what about paving the patio and side of the garage, where it is touching the house.