You don't need to "max out" liability to qualify for an umbrella.

Talk to a qualified agent in the area and see what you can get for rent and how long it would take it to rent it out.

Qualify the contractor and highlight the benefits of working together which would include consistent work for them and regular paycheck.Personally, I'd buy the materials and never pay any money upfront, a "red flag" on its own.

To restate, I wonder if it is feasible to pre-qualify prospects financially and criminally before touring.

Also Solo 401k is exempt from that tax if you qualify instead of using SDIRA.  

The nearest metro is 45-1 hour away and this property wont qualify for that region

You will be dealing with low-demographic tenants that qualify for S8 for negative reasons.

My question would be becoming a qualified assisted living operator and the certifications / licensing per your state (For me Texas) to get your property up to code?

Hi Marcus,A Qualified Intermediary cannot provide tax or legal advice otherwise they may be considered an agent of the taxpayer.

Keep in mind that many of these cheap homes are selling for less than a third of their insurance replacement value, which really means that the land has negative value - let that sink in.Most buyers who can actually qualify for a mortgage will get a PA for $200-300k and desperately want to upgrade their life.