I don't want to go into details on a public forum, but the house is worth very little and at their age/state of health, they will really need the full amount from their house. 

I'm a registered nurse & looking for a way out full time in the health industry.

Once the house is out of probate officially and can be sold you will contract it.

Fortunately, based on our leasing and sales assumptions, we believe will recover 50% of original LP equity:** Existing investors will be asked to contribute their proportionate share of a XXX million recapitalization,The mortgage lender will officially write its loan down to $X million. $1 million of the recapitalization funds will pay down the mortgage loan, with the lender staying in the deal at a principal balance $X million and new maturity date of January 2028.** The remaining XX million of recapitalization funds will be placed in a reserve to fund future tenant improvements and lease commissions.

Covid emergency has officially ended but for some reason there is more applicants with bad rental histories that are begging for fresh start.

. - Is starting an official company/business the only way to obtain a net worth of $1 billion worth of assets?

They must pay the market rate, the same rate you officially list for the property.The good news is that you staying in your STR for the purpose of making repairs is not personal use.

If you hit the two-year mark before selling, you should be eligible for the exclusion.If you don’t meet the two-year requirement, you could look into partial exclusion for certain circumstances, such as job relocation or health reasons.

Josh had a really serious health issue with one daughter and had to step back, and then sold the company.   

I’m Karena, based in Danbury, Connecticut, and excited to officially join the Bigger Pockets community after lurking for a couple of months, soaking up all the knowledge I can!