At the same time, I am currently in BK Chapter 13 repayment plan until November this year.

What type of business do you plan to install? 

This will be my first rehab project and I plan to BRRR this rental property.

Also worth noting which areas are appreciating in value, since you’ll have to have an exit plan eventually and the extra value add is a great bonus. 

To answer your question -trusts are used as part of an estate plan to direct ownership of your property after you die - either passing it to another person or, for your baby’s sake, holding it under the control of another person til the baby becomes an adult.

I would talk to the local planning department and see what they have to say. 

Your strategies for the next move show careful planning.

I've found a single-family home and plan to rent it to master's students to generate income.

Purchasing a new townhome and received the following as best so far:- 6.875% 7/1 ARM- 7.35% 30-year fixed I am aware of the risks with the ARM and plan is to either refi when (if) rates drop, or sell around year 5 (along with others I plan to purchase) to get into commercial or larger multifamily.

It depends on how long you plan on keeping the property, what your average utilities costs are in comparison to rent, etc.