When an insurance claim is denied, it is useful to have a limited liability vehicle that owns the property to separate the property from your other assets.

All of the amount spent on the vehicle is boot and (assuming the purchase of the apartment) followed protocol then it would be a qualified deferment.I'd recommend talking to a CPA very familiar with 1031 exchanges and talking through this strategy with them.  

Why do so many question Real Estate as an investment and wealth vehicle, when the evidence is so dang clear? 

All I use it for is to inspect roofs and check the number of vehicles parked outside my competition. 

What this means is that if you get into an accident in your vehicle. 

One neighbor has had three new vehicles in the time I have driven this old beater.

Roth IRA is tax-deferred vehicle.

Real estate serves as a good investment vehicle despite the seemingly waste of money. 7 years we owned the home and only stayed in it 2 months a year and it still appreciated more than we spent on it.

The reason someone is lending is to be passive in nature regardless of the end investment vehicle.

Do I just go by for a certain amount of time and document the vehicle I've noticed in the drive?