But I bet your market is different, and you may have other events, businesses, facilities, or institutions which you can use for long-term rentals.

We put all occupants of legal age on the lease for the reason of additional parties to encumber if needed.

IE sorry the deal didnt go through, heres a little something to help defray your additional holding costs. 

The city has already started to fine owners not complying and have actually initiating having the utilities turned off in some cases.If you want to do short term rentals in NOLA, your best bet is to find property that would qualify for commercial short term rentals, although the zoning required for these is hard to find and likely not in the most desirable short term rental areas.

If your biggest thing is safety, I'd talk with the neighbors, and tell them you'd like to build additional safety measures and improvements on the portion that's your land.      

@Mike Cumbie Based on a conversation we have had the interest is there I just need to give some additional motivation for selling, which may be just a matter of using the right kind of financing, which is the step I am currently at.

The difference between the appraisal and the listing is 1,200 additional sq ft.The house is priced at a multiple that makes sense for the original square footage listed given the area, but applying that same multiple (or even a decent bit lower) to the appraiser's higher estimated size would get a significantly higher value.Could a buyer be sitting on a windfall that the seller missed?

There are also additional state fees that run into the hundreds of dollars in Connecticut just for having an LLC filed.

For example, sometimes if you look at the listing history for a stale listing, you can see a pattern ... as in, the seller/agent has reduced the list price by $10k every month it doesn't sell for the last 3 months ... then, if you see a pattern like that you can get a feel for if/when it will get down to the ballpark it needs to be price wise ... make a mental note to check back around then, and you can then put an offer in the night before you expect them to drop their price again, with the anticipated price drop, plus an additional smaller price drop to get you a great deal ...

My hopes would be if we can both proceed without an agent, we can cut additional costs out of the equation. 2) If we decided to proceed, what is the next order of operations?