His claim for injuries and loss of income is $2.5 million.

If you have experience with waterfront property, esp in this neck of the woods, I'd be grateful for your thoughts.Basics are that it is a ~950 square foot home / cabin near Dyckesville, WI, about 1 mile north of Bay Shore Park.  

Welcome to BP @Gauri Telang – good to see people from my "neck of the woods."

Others thing they do in Chicago is once they do get one finished and they need hud inspection ( need all things done) they will then put a house sitter in the house.I suspect in your neck of the woods you might have WT tweakers running around but nothing is like the mid west and inner big cities out there in the way of this petty crime. 

Roy, followed this through three forum posts, LOL.I'm a fish out of water as to mortgages or requirement out of the country, in your neck of the woods.Basically, other posts cover most of this on BP.You probably have a mortgage, look at it as to form and content for your note.The costs involved should be minimal, filing fees are a few dollars a page here, I doubt any second here could rack up a hundred dollars in costs, not counting an attorney fee.As to terms, here we can offset payments, allow accrual of interest and such on loans not cobered by our SAFE Act.If you want to piggyback interest, it's better to have a higher rate with an obligation to pay a lower amount which would allow the remaining interest to compound if simple interest.Really need more information as to what you want to do or how you want payments to be paid or received to suggest details.But again, you need to take all this to an attorney up there, what I do or suggest may not be applicable. :)

It's nice to have some posters from my neck of the woods!

If I can ever help you with anything in my neck of the woods please let me know.Best wishes in the fourth quarter!

More privacy overall and less people breathing down their necks about pretty much everything.

Especially, when I see sites like Airbnb/VRBO offer hosts protection of liability insurance of up to $1 million USD to protect against third party claims for personal injury or property damage; so that makes me feel more comfortable just listing on Airbnb/VRBO with the condo unit under my name.Thank you!

A couple questions - I'd think that rehabbing a currently occupied unit would pose certain risks, mainly damages to personal properties and injury to tenants.