Your zoning should be ok, but you want to do everything by the book (which can be costly) to percent future insurance claims or injury claims in an unpermitted basement living space. 

Long term investors will eventually have a large loss claim so appreciate you sharing if you can.  

I think it’s disingenuous for a guru to claim they created a new method that is “revolutionizing” real estate lending, when it’s actually just rebranding something that exists and charging more for it.

The contract I could find says the following:```...together with the right of ingress and egress at all times for the purpose of mining, drilling and exploring said land for oil, gas and other minerals, and removing the same therefrom.And said above described land being now under an oil and gas lease originally executed in favor of [Oil Company], Chicago and now held by [Oil Company] it is understood and agreed that this sale is made subject to said lease, but covers and includes of all the oil royalty and gas rental or royalty due and to be paid under the terms of said lease.It is agreed and understood that of the money rentals which may be paid to extend the term within which a well may be begun under the term of said lease is to be paid to the said [purchaser], and in the event that the said above described lease for any reason becomes cancelled or forfeited, then and in that event, the lease interest and all future rental on said land, for oil, gas and mineral privileges shall be owned jointly by [owner] and wife and [purchaser] each owning & interest in all oil, gas and other mineral in and upon said land, together with interest in all future rente.This sale is made for and in consideration of the sum of Ten Dollars, cash in hand paid, the receipt of which is hereby acknowledged.To have and to hold the above described property, together with all and singular the rights and appurtenances thereto in anywise belonging unto the said [owner] heirs and assigns forever, and we do hereby bind ourselves, heirs, executors and administrator to warrant and forever defend all and singular the said property unto the said [purchaser] heir and assignee against every person whomsoever lawfully claiming or to claim the same or any part thereof

Do you have any experience with construction of a STVR as it relates to claiming material participation while acting as co project manager?

Just get the loan with the co-signer then quit claim it later to get them off.

You would need to file a proof of claim for the monies owed and hope you secured it by a deed of trust.

Documenting erosion severity, prior concerns, and the contractor's assessment could help support a claim. 2.

But if you can't claim loss (as you might not qualify) under that, you can carry it forward and deduct it in the future against your rental income.To deduct expenses, there is no requirement to create LLC and all.

PadSplit is not as hard as people say or claim.