Don't load up and put all of your eggs in one basket, but I think it is a sound long term play.  

Attics with walk-up stairs that have the space and headroom requirements are, in my mind, low hanging fruit/value add propositions.  

Took a correspondence course 20 years ago in underwater basket weaving?

Not only has the low-hanging fruit been picked, but a hedge fund came to town last year and sucked all the oxygen out of the air.Probate is, of course, a moving parade; I'm not so sure about absentee owners.If you see any glaring holes in this plan, I'd like to hear about it.

It all should match your profile.Have a fruitful day,Benny

I hate to see you spend your time on something that is not fruitful-  you may percieve comments as negativity but what we are doing is just warning you of going down a dead end because it’s so obvious to us- we’ve all gone through the the school of hard knocks.  

I know from experience management of the location gets more complicated when you put more eggs into one basket.

I wouldn't put all my eggs in that basket, but it could work as a secondary website for testing.If you were going to try something like that, I think it would be especially important to put "www." in front of the domain so people know it's a website address.  

Even if he doesn't intend to sue you, his insurance company almost certainly will (called subrogation).If the house is in your name, they would be suing you personally, and going after all of your personal assets and income...anything that is in your name is fair game.If the house is in the name of your LLC, they can only go after the LLCs assets.Many people form a different LLC for each property (or every 3-5 properties) for this reason.Similarly, if something like this were to happen, you might have the option of declaring that particular LLC bankrupt without affecting your personal credit (personal loan guarantees notwithstanding), and you might still have several other LLCs that are still operating and financially sound...the bankruptcy of one does not necessarily affect the others.So it's a matter of not putting all your eggs in one basket (and not mixing personal eggs with business eggs!).

There are foreclosure lists and sites that you can subscribe to, but I personally did not find them fruitful.