I'd like to keep my mother's room locked and still have the option of staying in that room for 2-4 weeks during the school year (while the tenant is also in the house) and for a few weeks during the summer (when the tenant lives elsewhere). 

I don’t have an immediate need for the equity transfer but it seems like the right thing because mobiles are so hard to leverage and I don’t want this new property using up all my equity indefinitely. 

This can protect your other investments should you have a loss in one.

Your responses have all been very appreciated as you seem to be looking to mitigate catastrophe for strangers starting out.So far, it's been 1 step forward and 2 steps backwards. 

If the separating wall is a load bearing fire wall, it would have 2 sets of framing material on either side, essentially you have 2 completly independent houses joined by the roof, you can go in the attic and see if you see sheetrock going to the ridge of the roof. 

Have 100k in liquid capital. 

There's a very good chance the issue(s) you face have already been discussed and answered.Go to BUILD YOUR TEAM at the top of your screen, and you can search for other MEMBERS or LOCAL MEETUPS.

Yes, I know bonus depreciation is 60% for 2024.My questions:1) Does this sound valid, or are there many more complicated steps for this to work?

In that case I assume you must have been debating some other possibilities as well?

I had a title company that advised me every step of the way.