Sometime/some places the insurer will approve the claim, as they don't want to be held responsible by the next owner insurance for roof claims (there is a legal term for that, my roofer told me about all this), so it's worth to look further into this approach.

We are currently finishing converting our unfinished basement into a legal unit.

And you're going to very clearly imply that they should be grateful about it, because after all, increasing these people's "financial literacy" and their "economic stability" is a good thing.This is going to happen in Georgia, a state where your great-grandfather would have had the legal right to buy their great-grandmother and do whatever he wanted to her, your grandfather might very probably have been able to get away with murdering their grandfather with a knife or a rope as long as he had some good friends with him and a sheet over his head, and your father would have had a chance to live in a neighborhood which allowed him to borrow money to buy a house while their father lived in a neighborhood where a mortgage could be refused due to an arbitrary red line on a map.I do not believe this is going to go over well.

In California cities without a rent control ordinance, the rent can legally be increased to any amount once the lease has expired and continues on a month-to-month basis.

Don't talk about legal facts and issues on a public forum.

I’m still in a chapter 13 bankruptcy, however, I have the money on hand to pay it off completely but legally I have to wait another year before doing so.

Forgive me because I really don't understand legal matters, taxes and the like very well, but hopefully someone here can help shine a little light on this for me...So here's the situation, I have my personal house, which I also built a 1bd/1bath rental onto.

The trust is the key necessity that allows the legal transfer.

I'm looking for someone that can advise me on the best setup from a tax and legal standpoint.The plan is to buy & hold and I will be buying with cash.

And then f the HOA fees are ridiculous, then selling it capital gains tax free who save you money in the long run, more than making up the legal fees.