That code section states:(1) “Prospective owner-occupant” means a natural person who presents to the trustee an affidavit or declaration, pursuant to Section 2015.5 of the Code of Civil Procedure, that:(A) They will occupy the property as their primary residence within 60 days of the trustee's deed being recorded.

Being such a tiny place I'd say your competing with apartments, and looking at apartment type persons.

I'm personally in Broadmark and Arixa and considering Iron Bridge.

They might offer better terms or be more flexible in such situations.Partnerships and Investors:Bring in Investors: Your friend might find investors interested in contributing capital in exchange for equity in the property.Form Partnerships: Consider forming a joint venture with a developer or another property owner who can provide the necessary capital for rebuilding.Similar Experiences and AdviceCase Studies: Researching similar cases can provide insight into how others have handled such situations.

Do not allow the seller to return for personal belongings after the close without some type of documentation on when they would have everything removed.

How do you find GCs to handle your property repairs and turns?

But, naive instagram followers sometimes send hundreds of millions in cumulative investment dollars to these social media personalities, allowing them to buy their beach/mountain homes just with the acquisition fees. 3) Ability to make lopsided bets that can't result in losses for the syndicator (only their LPs): Because of the naivete of their investors and lopsided power dynamic, the syndicator can pursue strategies that give them the ability to make lopsided bets that ensure generational wealth for their family (their LP investors take all the risk). 

I have known them to let things slid plenty of times if with some Q&A it comes apparent a person knew what they were doing, used good correct practices.

Essentially, I want all cash flow/expenses to be flowing in and out of a business account rather than my personal bank accounts. 

If you need liability coverage only, you can get a personal umbrella insurance policy from most carriers, likely your current property insurance company would be the one I'd start with.~ Lindsey