Sales desc: Rustic 1940s northern NM style home with lots of natural wood, thick walls and originality!

There's a natural flow of ways to finance a purchase. 

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

Depends on the nature of the work and where you are.

Nature of the business.

I realize you don't want to take this step and are naturally reticent to go talk to the police about something like this.

Tax sheltering of income comes with some trade-offs with respect to your level of involvement and the nature of certain activities.When we are thinking along the lines of "I can do X in real estate" and comparing how that works in an IRA, it can sometimes be disappointing.When you take the approach of "my IRA invested in a property, note. etc. that is passive and arm's length is SO MUCH BETTER than when the IRA was caged into the stock market", that can put a smile on your face.

The only thing is, it's probably most common for room rentals to be furnished because by nature they're usually pretty short-term, so the people who do room rentals usually prefer furnished places so they can move in/out quickly and on to the next.

The dialogue can be different to your natural flow.

Naturally I assumed a qualified roofer knows to use the appropriate materials to hold the roof down, I'm not the expert he is.