Account Closed the insurance policy should be in the name that is on the deed, Primarily for Liability purposes.  

However, for the most part, there are three players to this, namely you, the property owner, and the bank.The main thing is each one of the parties has to trust the other and perform their part of the deal.

They generally take 75% of the potential rental income to calculate for qualifying purposes.

Don't expect the land to be cheap.The main thing that drives the price of residential properties (including multi-unit dwellings) is the location.Location, location, location!

Is there a thermostat that could have a main hub, but then a secondary sensor/control that is perhaps wireless and could be put in the second unit?

LLCs are NOT for tax purposes, they are for liability protection.

Leverage is the main reason real estate works!

Personally option 1 feels more like a year round business if that is your main focus to generate income.

great  question ...student loans are  tricky  .....depending on the  type of student loan you have  and the loan program you might use - the loan underwriting  may vary  based on what payment is  used  for  qualifying  purposes .....if your payment  you make  on the loan is a fixed/ constant amount and if its a  fully amortized amount for the loan  and  if this amount appears on your credit report - more than likley  this is the amount that will be used in your  qualifying ( debt/ income )  ratios ........if this isn't the  case - the lenders may use  1% of the  loan amt ( which  could be higher that the actual payment you make ) ...............get in touch  with a lender / loan officer ...get pre approved  so you know how this  is treated   ..this process is  free and  should be relatively easy .....by doing this  you will answer many of your own questions ...I hope this  helps

The Baltimore Reia is really good they have a main event meeting in Towson the third Thursday of every month might be worth a trip out there to check it out.