It may make more sense to use those funds you have saved to increase your credit score 

Thanks for everyone's input so far.Not much of this makes sense to me.

Allowing them to install the ceiling fan only made sense if this was something you wanted to keep in the future. 

Given that you are out of state and your adjuster is playing hardball (mine didn't), it may make sense to interview a few public adjusters and see if their cost is worth what they can provide in your situation.

The criticism of the stadium location never made sense to me.

Since you can't escape CA LLC registration, if the property is based here, and if you are a resident here, may make sense just to form a CA LLC and simplify your life and your costs.Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

@Rene D.Think you need to provide more context of what this is in reference too.Also as mentioned it doesn’t make sense saying perpetual 2 years.

Make sure you underwrite your deal to what makes business sense to you.

Either way, it doesn't make logical sense for the IRS to allow them the $500k married exclusion on both properties.

For instance; depending on the price range of the unit, people may be buying a place to call home; or they may be buying a sense of security that is economically stabe and affordable; or they may be buying, in the case of a luxury rental, prestige and a sense of accomplishment in life.