I’m not even an official member of his community, but the knowledge and support I’ve gained from following him have been invaluable.

I've also held of holding properties in individual LLCs that are owned by one S corporation, which allows for a 60 / 40 split between ordinary income (regular tax) and dividends (capital gains tax rate).With the goal of minimizing taxation and liability protection, what would be the recommendation from more experienced people here?

When you move forward, they should provide proof and name you additional insured.

For this I’ve taken the payment amount of the second loan and included it as an additional monthly expense.

I was fine with all these numbers.Then I met with contractors...First, I wanted to add a new bathroom and approximately 450 sq ft of additional living space.

The family viewed the house, loved it, and requested that I install satellite TV and add it to the costs, which I did.

Here in FL a pool trumps all and having a spa feature built in offers additional ROI. 

You can assume about 1% in closing costs in addition to commissions so you're starting around 7% before the seller gets any cash at closing. 

Additional Considerations✅ Confirm assumption eligibility – Contact the lender directly before paying the arrears.✅ Get everything in writing – Work with a real estate attorney to draft a contract protecting your funds.✅ VA entitlement impact – If you assume the loan, check whether the seller’s VA entitlement is released.Final ThoughtsThis deal has potential, but structuring it correctly is key.

All of our self-storage run at basically 100% occupancy except for our most recent addition.