The insurance company should not be able to deny any subsequent claim on that converted garage, as you were not the one who "built" it, and you could claim that at the time of purchase you were unaware of this issue (unless you were notified in writing on the seller's disclosure form) but it wouldn't hurt to try to hire either a structural engineer or someone from the county to inspect to ensure that it meet's building code.

The is a deed restriction and would also apply to any subsequent seller during the 90 days

How "commercial" she may be by  selling a few eggs or a cow or teaching horseback riding will be determined by IRS regulations, "being in the business" of something rather than a hobby type enterprise.

Once the auth is in place for $10k, the lender can still capture that amount regardless of any subsequent changes to the account, including a credit line decrease, so long as the auth is still active.

If you're willing to go after value-add deals, you could do a bit better and maybe even get your capital back after a few years to do subsequent deals.If you want something truly passive, you can consider investing in syndications.

Naturally I'm of the mind that renters are free to move on to some other unit, and I'm totally for free market enterprise here, but it also sounds like you are blowing up the building all at once.

It would make sense to use an Insurance Company that is Mutual, Participative and Non-Direct Recognition ( I would highly recommend one company) to maximize the performance of the cash value and subsequent use as collateral for any purpose, keep in mind, we are talking about Whole Life, Whole Life DOES NOT HAVE SURRENDER PERIOD, VUL or IUL does and that is another story.Also I personally don't believe in the "buy term and forget the rest" strategy, term can be very useful but not as a stand alone solution.   

Hi Account Closed, You can sell your relinquished property under your individual name (no quit claim deed required) and subsequently acquire your replacement property under the new LLC as long as the new LLC is a single member limited liability company, you are the sole member of the new LLC, and the new LLC is treated as a disregarded entity for tax purposes.

As for landlords feeling screwed its a for profit private enterprise deal with it.. just like every other business deals with govmit regulations those that can succeed those that just whine and complain they just fade away.  

(ii) A Coming Soon Listing that has subsequently moved to any other status is ineligible to be placed back into a Coming Soon status.