Not that learning from one structured person is bad, it's just expensive.

We agreed to hire a structural engineer to inspect.

In one town near me they require a rating of 3-A: 40-B:C, so I just use that type everywhere now (other areas likely to copycat, and the few extra dollars upfront aren't going to kill me).GFCI in all areas where water can be normally found; bathroom, kitchen, laundry, garage, all outdoor outlets, etc.AFCI in bedrooms (mandatory by code in some areas).Address numbers on the house that contrast with the background (how will 911 find you otherwise).All bedrooms MUST have a window that goes to outside and is sized to allow for a person to escape.Locksets - no double-keyed deadbolts, where a key is needed on the inside as well as the outside (I only use those locks during rehab, where nobody is supposed to be sleeping).Railings and handrails.Identify the water shut-off valve by the water meter so that the tenants know how to shut off water in an emergency.That's all I remember off the top of my head ...

The death of a principal won't kill the corp structure but you may be dealing with heirs, so consider how either party can get out and assume business management.Good luck...

I have a single hung window in my home bathroom.

I just don't see that happening in today's political environment, but I do see it as a risk.Other complications with this structure revolve around operating a C-corp.

I am not sure I get your question, but here goes my answer:You have structured a set rate of return (annually) which is good, similar to a regular loan secured by a deed of trust against the property.

I am thinking of partnering with private lenders in the Atlanta area.I was wondering what is the best structure for the partnership.Createing a limited partnership or a LLC????

As long as things are structured correctly and there is alignment with skin from the other partners you trust then I think this is close to the best of both worlds.

Does the damaged structure actually bring the value down?