I read over a sample personal umbrella insurance policy and it says that they dont cover injury due to business property, and that business property is defined as residential property rented, or held for rental, to others.

If you're interested in exploring how to best leverage your savings in both real estate and the stock market, feel free to reach out for a more personalized discussion.Best of luck on your investment journey!

It's a plus if they offer any good bundling options for an umbrella policy for 2-3 homes, as we're looking to get one for the first time.I know some insurers have been leaving the CA market recently so looking for updated recommendations based on your personal experiences.Thanks!

It sounds like you want to let the person live there for as long as they are alive and then the house converts to you.

There are companies who will offer lead gen services at a far more efficiency than a single person.

Obviously that person does not have your best interest at heart. 

With no experience and not crazy strong personal finances to pledge to the bank/lender, its doubtful many banks/lenders will provide the construction loan on a spec build. 

First someone new will be living with you and that requires adjustments.Second it's not just someone, but rather it's your in-laws which can bring stress to any marriage good and bad.Third your introducing a money factor into a highly personal relationships. 

I was wondering how you have filled your W9 if you have a single member LLC (which is considered a disregarded entity) and ensure payments go to your LLC and not your personal name? 

However, I've only heard of one person getting shut down, likely because they were not running it well and the tenants complained to the city.