I do have liability umbrella insurance, but I want to set up a better business structure for long term growth the correct way.

You can find details on that one here: We meet on the last Thursday of every month from 6-9 PM at different locations around Longmont.

When I listed it I adjusted the rent to be a little higher than the comparables in my area, because it was one of the nicer ones in the area but I can't seem to get a renter. over the last 26 days, I have had 46 inquiries and 14 applications, of those 14 applications about 5 of them passed the background check and credit history check. some of them I could not get ahold of their employer or landlord which was a red flag for me. 

If you're looking to hold long term, and want to add value and cash flow, then I would consider adding the unit.It will take away some buyers, and you would need to work with your lender.

This not only adds to the project cost but also a long delay in delivery time.

I found one after some difficulties and we’ve spent about 20 hours getting my last years books done and this years books done to date.

@James McGovern- most lenders can get underwriting done  that fast  as long as they are provided with 100% of the data they need PLUS getting any disclosures needed signed immediately too 

If you want to avoid the lengthy process of securing permits and navigating ordinances, you can always opt for long-term rental for the first year.

So, NY and NJ can have long, expensive foreclosures but this means many of us stay away.

Assuming it is their personal residence for 2 of the last 5, the best thing would be to sell it from their name.