The cash flow is a bit sub par on this one and I anticipate some larger expenditures coming my way in a year or two so I'm contemplating this as an option.

The second son is married but has not lived in the home at any point during the last 20 years so this doesn't seem to present any options for savings.I thank everyone in advance for your thoughts. 

And then finally, there is always the option to just claim the regular standard mileage deduction rate of $0.67/mile. 

Consult you insurance broker for specifics but I found this policy to be very protective and reasonably priced.With regards to an umbrella policy they are typically good to have.  

I would finish 4/6 rooms down there with proper egress and optional ventilation.

The increasing barrier to entry results in fewer new STR's coming available for sale, but also fewer options for guests to rent. 

Leverage is key and the diversity of options is also good.

Just saying there are people on BP who can vouge for you as Melanie is typically very negative towards anyone in the syndication / raising money space. 

Typically I see it on anything over 5 acres. 

I wish the appointment was with him... its with an attorney at his firm, hopefully this attorney has a lot of experience and gives we several legal options... not another sales pitch.