We currently assist homeowners with foreclosures so this would be only something additional.

In addition to some of the great advice above, I would put some serious work into your personal household budget and building up a substantial (6 month) emergency reserve fund.

We take it a step further and build in factory then deliver the units to the site.

Well, alone until I found this site. 

Airbnb does actually have a host meetup portion of the site but I have never used it. 

Additionally, if we open a LLC to manage our own properties, do I need to hold a broker's license in KY to do this legally? 

I see leads with vacant houses on FSBO sites. 

Additionally, you might find that the single program doesn’t offer the best rates for every line of coverage.

.### Additional Tips:- Conduct a market assessment to ensure this conversion makes financial sense.

The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)