Is there value add in this deal so I have a strong built in equity position?

Once I built +$1 MILL in equity I pivoted to add stocks to collapse my time frames on down payments.

The property probably won't generate cash when I'm living there, which is fine especially when factoring in equity growth.

He's now bought 6 houses and my 1/2 day of driving him around and advising him has made him somewhere between $200,000 and $300,000 in equity more than what his Noveau Riche training would have made him.

Most lenders are going to want 15-20% in equity before they refinance a property most times so I do not have a problem with the live-in stipulations for the simple fact that it reminds me alot of the  FHA loan that I had been planning to utilize.

Also the increase in value over the last few years has put us in a position of $700k+ in equity.

If it does get reclassified, you can get the bump in equity on a refi.

You should have 100K or more in equity to protect before it makes sense to spend that money - compare that with how much you spend in annual insurance for the same property/equity under the same FEAR principle (False Evidence Appearing Real... or what if's).Since I visited Holiday Inn often, here is an Asset Protection Decision Diagram - to help assess the need for asset protection, and what to implement : https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-decision-diagram And an Asset Protection Onion Diagram - what, when and at what cost one should implement in terms of asset protection:  https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2And how a fully implemented asset protection layout might look. - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-structuresBonus: What is needed for a complete asset protection OR the domains that need to be intersected to find asset protection. - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-spectrum-diagramAnd if all that didn't get you utterly confused, let me add to it - since AssPro is not cheap, I spent numerous hours researching from multiple sources the whole LLC question and asset protection matter and all the rabbit holes it opens.

How I turned $21,000 into $500,000 in equity and control of a $1 million asset using 1031 exchanges.Purchased condo in 2010ish in Frederick MD for $105k.Sold in 2015 for for $180k and 1031ed into a $400k single family home in Silver Spring MD.Sold that SFH in 2020 for $550k and 1031ed that into an $800k rowhouse in Washington, DC.Property currently valued at roughly $1 million with close to 50% equity in it.

Between all the properties I have $180,000-$200,000 in equity but I am reluctant to refinance again.I have thought of syndication investing but all of my focus has been in this specific niche which might not have been the best decision.