Under this idea, you'd need to see if the Health dept has any restrictions for your septic system (which i assume you have) and if the power company would meter the 2nd unit separately. 

LOC's can have negative effects on your future purchasing power if not set up correctly and keeping in mind you can "never" use an LOC as a reserve or asset.It will always be a debt burden and can over inflate your back end debt ratios depending on the W2 income and your liabilities.

As I often tell my students, “Refinancing is a powerful tool in your real estate investment arsenal.”Investing in Nicer Assets.

Or my power equipments or tools, or any of my belongings missing? 

. :-) In summary, AI is not a replacement for traditional methods, but rather a powerful tool to complement and enhance them. 

Storm sewer, storm pond, sewer lines, water access, fire hydrants, public bathrooms, surface coverage, sidewalk or bike paths, setbacks, power lines and right of ways known and unknown, road access, etc. 5.

I looked at something similar about a decade ago which was some camping log homes in upstate maine which was a beautiful place but the place did not have power (only generator) and heat was via fireplaces.

This will minimize the tax burden of the gain you currently have and defers any other gain through the 1031 giving you more buying power going into the future.

To achieve this, the rental income must meet three requirements.Rents Must Outpace InflationInflation steadily erodes the purchasing power of a fixed amount of money.

Since most of the homes that flooded took on electrical damage, you will almost certainly need to file a permit to do renovation as you will need the electric company to shut the power off, provide temporary meters, and turn the power back on.