Decks require maintenance and are temporary.

Just a simple statement added to operating agreement explaining this temporary situation?

The entire shore area is relatively dead in the winter comparative to the summer seasons.It honestly entirely depends on what you're looking to do.Best of luck!

We’ve been to the north shore of Oahu and absolutely loved it.

It looks like you are tearing out the hallway wall, but re-building a new wall in it's place so you may have to temporarily 'shore' the roof joists, but you shouldn't need any beams or anything.I think Thomas' budget of $10 to 15K seems reasonable for my area, but I could see it creeping up to $20k.

It is a seller's market out there with limited inventory.I am currently looking at the following: 2 Unit Multifamily w/ Detached Garage w/loft rented as storage in an "up and coming" area along the shore of NJ.Asking Price: $452,000 (Believe the sale price can be lowered - Needs cosmetic repairs & updates)Downpayment would be: (20%):$83,000 - $90,000 (Depending on Purchase Price)Annual Taxes: $10,250Annual Insurance Estimate: $1,000 PMI: $0 PITI([email protected]%): $2,720.73-$3,000.00(Depending on Purchase Price)Rental Expectations: Unit 1:$1,800 Garage Loft Storage:$600 Unit 2 (My unit): $1,500Total: $3,900I am completely new to this and trying to figure out what will work best.Does this seem crazy?

We are specifically looking at the North Shore area (Duluth, Two Harbors, etc.), but are open to other areas that make sense. 

If this is a temporary stop gap situation to learn the area before purchasing a home, then again just focus on shortening your daily commute.

I personally look as HELOC's as a temporary debt that you use as the down payment and then try to pay off when you refinance the investment property.

rent is paid at this time, I am worried about when he goes to a temporary nursing home.