Naturally, if she's selling the property, any potential floods won't be her issue, however...

A pro forma by nature is a document that projects the financial return of a property.

@Jonathan JaffeCreating an LLC does not in itself mean that you have a business.The structure if personal in nature and you would not be eligible to claim the expenses on your return.Furthermore, since you don't personally own the asset, you lose out on section 121 exclusion which requires you to live and OWN the property for 2 out of the last 5 years.

Most title companies have attorney's on hand who can draft the mortgage & things of that nature.

The single family home naturally lends itself to creating it into a duplex.

A home was damaged by a natural disaster.

Naturally, Birmingham is my home market so i'm biased, but the South and Midwest have several solid markets where you can find similar figures.

People are thinking vacation so naturally VRBO comes to mind.I also get higher prices on VRBO.

So, my natural inclination is to refinance out equity and invest in more properties.

Now I will plug my side of the mountains... lower costs, better weather, beautiful, good university, "nature" is much closer, several decent airports... and you still get to call Colorado home!