Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

The policy below would be twice as high if we used our Personal insurer since they don't have the experience mods for Self-Storage.G. 

It has solar power, a compost toilet, and other things of that nature to be self-sustaining.

Coghill they are trying to take care of several things:1) Approval to access credit reportsA video tour of my home office (required by the credit repository to show security, so access to office & computers is limited to avoid data theft)Credit checks on me and my partner (required by the credit repository to make sure you are not criminals looking to steal others' data)Copies of the deeds for every property we own (required by the credit repository to confirm you aren't just self-serving)A copy of my partner’s home lease and utility bills (required by the credit repository to prove his legal address, so they can pursue him criminally if he steals data)Business phone bills (required by the credit repository to prove an actual business)2) Approval to use banking ACH system to accept tenant payments and pay ownersBusiness phone bills (required by banking industry to prove business legitimacy)A signed letter from the bank verifying our accounts (to prove legitimate business banking accounts.

However, a relative of mine has also expressed interest in investing their own funds into this venture and splitting the proceeds. 

That said, I can handle it when necessary and have successfully built multiple self-started businesses and ventures in real estate investing (REI).

You LP lost everything.Other ways, poor property management team isn't managing property well, and syndicator bought in tertiary market with only one or two managers available and no way to self manage.  

Have you considered using a self-directed IRA to invest rather than cashing it out? 

I am using TurboTenant and self managing the Nomad property.

If you self manage short-term rentals it's well within reach.