This liability policy is really to protect me, however, if something really bad were to happen on this property, this insurance would be utilized in a defense, which would also protect the owner of the home.

Is it worth your time to establish and manage systems for a revenue stream of a 4-plex?

Utilities is one easy way and there are others.And yes, they may be keeping a more watchful eye on your loan knowing you are wanting to sell.

Should we establish an LLC and use it to get the loan, or how else would it work?

I've sat out on a patio area at an establishment (hate to say bar) with Tim's dad I'm sure of it and enjoyed a few with him, LOL, he's the only guy in town with 300+ units of sfd.

Realize that you have very little, or nothing, of value to a practiced investor with an established business.

I'll check with some lenders - but based on my research on the internet - it seems everything is up to the appraiser to deem it as a accessory unit vs. an accessory dwelling vs. a second unit (i seems it might depend on whether there are separate utilities)FWIW: I checked with the town and the apt has a CO - can I assume that it is indeed a legally inhabitable and rentable apt?

Then you establish the lease option with them giving you control to find a tenant to lease option it from you.

If all else fails, you could consider utilizing a skip trace service such as TLO.com or accurintOnce you have their information, reach and out touch them with a marketing piece or phone call.

Been reading the books and dragging my feet for years while I established my professional career (love it, not looking to leave, just supplement).So I live in a nice college town where occupancy rates are high and the leases run 12 mos. and I'm ready to get into the game.