@Kenneth Tiedemann you can use personal account, just be sure to follow your state and local laws about security deposits.If you're parents are living in the home with the tenants, then they are also exempt from most Fair Housing requirements, but you should look into them anyways.You'll want a good lease to protect your parents and to be able to evict if/when necessary.Check their home insurance policy as it probably needs at least a rider to cover renting.

So, taxes, insurance utilities, etc that you need to pay for several months while doing the rehab.

I know a lot of people say there are insurance issues and the tenant can sue for things if it's not permitted but if I was the one occupying it and renting out the main house would that be better? 

We struggle with this too on a strategy.

I guess my dilemma is the strategy to get to that point.

I'm interested in working with insurance companies on housing displaced families.

My strategy is to buy and hold these properties, unfortunately I bought this one in January when rates were high.

But you will increase costs in regards to insurance or lending..You still risk losing the property to any liability that happens at the property or in your personal life.

@Tyler Prosser, Great strategy!!! 

Hi All -I'm looking for an insurance poly to use in renting out a pontoon that we have at our STR Cabin.