She made enough to retire on time at retirement age, and has a net worth in excess of a million now in retirement. 

Word alert;Look at your comps, the yard size of the comps and the excess land value of the comps to compare the subject property.

The house seems to have wicked the moisture, so I think a dry out is necessary - fans and dehumidifiers.    

I will add that I heard a smart person recently ask a room full of of attorneys "does anybody know of somebody that actually used their LLC to shield them from liability that was in excess of their umbrella policy?" 

If you get a loan to buy it initially, the entire platted lot will be taken as collateral, you'd have to survey the excess land off and refinance the duplex on a smaller lot to free it of any encumbrance, or survey off the excess and only finance the purchase on a smaller lot if the seller can do the subdivision for a new legal description.

If you have a ton of personal or other debt, that may impact the underwriting since it may be determined you will need to make excess draws from the subject commercial project to satisfy your other obligations.Underwriting is not an exact science but to answer your initial question, no, you don't necessarily have to have an outside source of income.

Meaning the current debt on them is in excess of what I paid.

The tenant sued and the court awarded the tenant back the amount in excess of the pet deposit.

Blabbering aside, if your partner is the contractor he might have excess material, can get material at cost, etc.

You don't want to provide incorrect advice.Distributions from a partnership are normally not a taxable event unless the distribution is in excess of the partner's basis in the partnership.Another thing to be wary about is how the UK will tax their income generated through the US LLC.