Then I use this data to make a more informed decision on where I buy, how to furnish it and market the unit.I don't know the local laws in the Twin Cities, but it is import to learn the local regulations if there are some, and fully understand the local sentiment towards short term rentals and if it will potentially change.

If you caused it (or it’s a pre-existing condition) you would have to fix it, or you are playing with the doctrine of unjust enrichment and some unneeded liability.

@Jesus Moreno I found the New Mexico Regulation and Licensing Department web site.

The best way to do this since it is a one off deal is to buy the property as tenants in common, your LLC as 50% and your partner as the other 50%.For me, coming in to an existing LLC as a partner means I am at risk for any law suites, etc you may have or may have coming against that entity.

The job requires cutting through the existing roof, adding LVL ridge beams, and framing the dormer and remaining attic space. 

Building was reassessed, so taxes went up, eating away at my non-existent to negative profit margin, and making this financially more precarious. 

They already exist edit - 3d printed houses are fantastic innovation and quite useful to low/no income or temporary housing and other uses.

Also, keep in mind that after he trashes his credit, even if he can get a VA loan, the rate will be higher... that's going to cost him more in the long run than just doing the right thing and paying back his existing creditors. 

But just forewarn.Also some states have regs protecting homeowners in foreclosure; you need to find out what/if those exist in Texas.Let me know how it turns out!

@Nick G. one of the things I did not consider when looking at LD investing was the differences in taxation and landlord/tenant regulations.