from what i have been reading all over the net it sounds like a wise choice to ask for rental insurance when renting especially to lower income renters. 

However the choice of an LLC has both legal and tax implications.

You have a number of choices to grow your net worth: you can sell the house you now occupy and use the proceeds to buy another. 

It would be easy to rush into something and make poor choices.

About the only time the ARV minus repairs might fly is in a crazy sellers market where their are simply no homes for sale and that is the buyers only choice.  

Increase in home costs and a reduction in foreclosures: Due to simple financing choices, it is seen that there is an increment in residential property. 2.

Your other choice is to just walk and call it tuition

And since you don't change the profile to owner-occupied, meaning you can retain some income as you are doing the re-position, the risk profile might be lower...Good problem to have, making this decision, but it could easily bite you if you make the wrong choice.

Your choice to sandwich or assign.

But I think, his choices are what got him where he is today.