I have been digging through the guidance and am wondering if anyone has ever taken advantage of the following clause regarding 203k improvement types from the HUD SFH Handbook 4000.1, pg 374:- "reconstructing a Structure that has been or will be demolished, provided the complete existing foundation system is not affected and will still be used;"- "repairing, reconstructing or elevating an existing foundation where the Structure will not be demolished;"Guidance link: https://www.hud.gov/sites/dfiles/OCHCO/documents/4000.1hsgh.pdfHas anyone ever built a new home on top of an existing foundation using a 203k loan?

This way, you can remain a passive investor.While starting an LLC and running short-term rentals can be feasible, it's crucial to structure your involvement as a passive investor to stay within legal bounds.

So, slightly different in the structure but can still be of service to those of us that had a loss.And while I am referencing Texas these are the same links to use anywhere in the country at any time for a declared "Federal Disaster Area".Feel free to share this information with anyone that you know that might have been impacted by these storms and maybe this can help them in some way.To apply a claim as an individual use this link: https://www.disasterassistance.gov/To apply a claim as a business use this link: https://www.sba.gov/funding-programs/disaster-assistanceAs of this post the counties declared as a disaster area in Texas are as follows: Austin, Bell, Calhoun, Collin, Cooke, Coryell, Dallas, Denton, Eastland, Ellis, Falls, Guadalupe, Hardin, Harris, Henderson, Hockley, Jasper, Jones, Kaufman, Lamar, Leon, Liberty, Montague, Montgomery, Navarro, Newton, Polk, San Jacinto, Smith, Terrell, Trinity, Tyler, Van Zandt, Walker and Waller counties.

However, I strongly suggest to seek a structure engineer or architect/drafter that guide/help you on planning and dealing with zoning permits as well.

Did you face any challenges with the contractor payment structure, or was it smooth sailing?

With an LLC, you do have the ability to structure the company how you please.

We also have "AFS" or "accessory family Structures" that are not quite ADU's but are separate units.

Focus primarily on the electrical and/or structural issues that come up. 

If you have the money find the top player for sub to in your area and partner up with them, just make sure you got a great attorney to help structure the partnership.

New investor- have a question about LLC structure.