Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Obviously a problem if say you have a guest that says the AC is bad and no one can come for a week.

This is an obvious and simple solution.....

I'm assuming based on my budget, that totally rules out being able to afford a single-family home?

So the answer is to call or visit the probate court in your county and ask the nice people there how you can do what you want to do.In one county in one state I went to, the clerk I got was a total jerk, so I said I was told the people here were very nice and very helpful, I would appreciate it if you could you direct me to one of those people.

The house would be considered a capital asset, so to be conservative, I would estimate 20% of the gain for tax, plus an additional 3.8% for the net investment income tax if your total adjusted gross income (worldwide) is over 250k.

Obviously, that will take time with the eviction process. 

Totally agree with this!

Because of that the total project costs as well. 

In other words, if there was a broken leg on your property that resulted in $250,000 in medical, lost wages, and pain & suffering, if there was gross negligence on your part, the total judgement could be $1.25 million, and worse, your insurance company could deny it.So what constitutes gross negligence?