There are not very many good reasons to not file a deed immediately and to wait until someone passes away.

Umbrella Policies are good, but they are not an asset protection tool, they only cover litigation/damages after you’re already in litigation or found personally liable.

I cleared $10k on my first one.We ended up clearing $30k on the second one.The last flip was very stressful for my wife and she wants to keep our finances (HELOC) out of the next one.I am going to look to find a financing partner to cover the carrying costs of the next flip.On a $400k house (average for my area), the total investment would be $85-$95k and would be paid directly to the lender and subs/suppliers, not to me.I can bring the lender, as I have a good rep with the one I use.I will do all the rest.

That is a good point.

We are thinking that a Hipcamp would do very well because there aren't any good ones locally and we've already had success with short term rentals.The land is $125,000 and we don't have the financial ability to purchase it or do a down payment right now.

Find a way to get rid of shady tenant and keep the good one.

Welcome to BP Jennifer and good luck investing!

Good luck!

Properties in good areas, whether SFH or MFH, tend to attract more stable, responsible tenants who maintain the property better.

If you do end up needing to ask a real estate attorney questions, it's probably a good idea to start with your title company.