As others have said, take out a minimum $1M insurance policy that covers your liability (make sure it covers short-term rental activity) and you should be fine.DO keep your receipts/expenses separate - like @Jon Crosby said, open a dedicated checking account (you should be able to get a free one) and use it for your AirBNB income/expenses.  

If it were my mother, I would be asking the attorney to explore that angle. 

Today the selling realtor relisted the property on the MSL as 'Active' with no notice to us . 

They are actually fairly active. 

while I agree with everyone's points, and thanks again for your input, no one is answering the 50 dollar question....are we negatively affecting sales activities after the the clean up is done by offering it before the clean up is done

We are looking to buy a small apartment building next year, 20-40 units (or larger if we find the right property).Question - Can cost segregation deprecation be used to offset active income from his insurance business?  

Good evening BP family,I am active duty military moving out to Michigan and I am having trouble finding housing.

Not a tax advisor, but generally pretty simple.Once you take a member draw into your personal name (post-tax), you can do whatever you want with it.If you're buying RE in an LLC, I'd be sure to keep them in a separate LLC from your primary income earning activity that produced the cash.  

I will try to be somewhat active in the forums and post questions on top of questions, as I have no idea what I am doing! 

Anyone local still active on the forums?