I would talk to an attorney about this as you wouldn't want to provide something (papers, etc) that contributes to say, a fire, in your STR.

I will say, a good point was made about the government insured mortgages.

you say "...a large bank is willing to finance the 100k." 

For example: Say a person buys a RV, which in most standards is simple a liability, considered consumer spending especially given they do not appreciate over time they depreciate.

Especially if you are looking to rent out the house for a long period of time after you leave.I bought a 1929 in Fauntleroy (view of the ferry and sound), a 1909 in Magnolia (gorgeous view, sound, city, Mt Rainier), a 1900 in ColumbiaCity (it was Columbia City, what can I say?), a

When you have, I would say, a handful of properties, depending on their collective value, umbrella policy would suffice and much easier to put into place.

@Ren Lok I would say a lot of it is based on their training or their resources that they utilize to complete your taxes.

I am also working on a plan to find Private Lenders within my IRA, but obviously harder than doing a traditional loan outside of an IRA.In summary, if I get say a 15% return inside or outside my IRA, they are both a good thing in my opinion.Dan Dietz

Videos say a few 1000 more words than still pics.

It's very easy for the super-wealthy to manipulate their tax burden...and therefore your entire proposed system...Consider a couple things:- Bill Gates could cash in his entire fortune and have a single-year tax burden of about $25B;- That $25B accounts for about 2% of the total personal tax paid last year, a very non-trivial amount;- Bill Gates have some ultra-wealthy friends who have already aligned the spending of their fortunes with Gates and his charities;- Given how few people currently vote in our elections when they have an equal say as everyone else (people think their vote doesn't matter), I think it's safe to assume that the voting population will drop considerably if most people felt like there small number of votes really didn't count;- Given the drop in total number of people who vote, Gates and his friends could easily manipulate the vote if they wanted to.Why would Gates and his friends do this?