If you can form an anonymous llc, then what is the function of the land trust ?

If it's only cosmetic updates but elsewise functional maybe a Conventional loan would be a good bet.

The water heater itself has freeze protection elements within it that kick on when it drops below a certain temperature so the cold wasn't the issue as much as it was the loss of power for a prolonged period which didn't allow the freeze protection elements to function.

We believed the second unit being functional and legal placed the value closer to $280,000 so already we just jumped into $30,000 in equity.This google spreadsheet is how I ran my numbers.

It runs and functions and am going to see it on Tuesday.

Form follows function, as in all things.  

In my opinion, states and cities who have seen evictions since July are examples functioning markets.

Rent by the room or setting up a SFR to function as a MF are a couple options that will increase your income, allowing for cash flow after refi in the pricier areas. 

He said landlords do not serve any useful function in society. 

It would mean any house built before 2006 would not have any water coverage unless you spend 10k+ replacing perfectly functional piping.