In either case, rather than you going in, you could/should engage a local draughtsman to produce a set of "real" drawings ... these would show structural elements, and maybe even systems, etc.

(If you qualify as a real estate professional)Another question I had was, how long has the hard money lending business produced annual returns of 15+%, is there any reason to see this changing for the better/worse in the future?

Unfortunately, one of the only things that we seem to be worse at than producing cars that people want is providing governmental oversight.Pelosi's rigid standards is a classic oxymoron.

I know I was late with this by I started legal procedures in dec. we technically do not have a lease because I never sent him a signed copy but we are going under the assumption that we have one.

They are currently producing income.

Rich Dad Poor Dad is just meant to change your thinking so you view something as an asset only if it produces income.

But just for fun, let's worth through some of the numbers:$20K of additional marginal income$12K after taxes (let's assume you make a good chunk and have a high marginal tax rate)$100/door per month is what many people tout as a reasonable ROI metric$12K per year is roughly then equivalent to 12 doors of real estate in terms of cash-flowHow many people on BP would work "more hours" to get 12 more doors of income producing real estate? 

@Scott RadetichIn order to answer any question regarding insurance... you'd need to produce the exact policy language including exclusions and coverage amounts.People think insurance covers every loss.

OTH this current investment seems to be producing passively ( appreciation).

My home is a liability in the sense that it costs me money to live there and does not produce any income.