I could buy a LOT of umbrella (additional liability) insurance for $13,000.

Additionally, his credit is not the best, and he has limited funds for a down payment.Any potential options or solutions that may be available?

Quote from @Paul Azad: Beautiful property Blake, and great growing area, i drove through a few years ago, amazing scenerey and perrenial vacation spot, would you feel comfortable sharing the structure of the syndication for the investors, fees, projected IRR, or time weighted avg returns etc from a potential passive investor perspective?

Does this completely prevent the tax lien holder of getting additional gains after foreclosing? 

Additionally, we are approved with the Better Business Bureau (BBB).

Additionally if you're running an active business in the IRA the income will have to pay UBIT.   

Additionally, when underwriting deals, you need to account for the general idea that repairs and maintenance will be a larger percentage of your rent, the lower your rental is.  

Additionally, some states hold Escrow and Title services differently. 

Hey Tim, If you are not using Hospitable yet that would be my first addition.

Additionally, if there are any contractors in the Fort Lauderdale area who can provide an estimate or guidance on this type of conversion, I’d really appreciate the connection!