@Mindy JensenYou and I think on similar wave lengths :)I have already given that some thought but have not further investigated it yet.

Like you I have seen my fair share of litigation over the years and one thing is absolutely certain.. is you will be named in the action.. no matter what LLC trust etc you have it in.. and unless you have multiple arms length partners in these assets the plaintiffs lawyer will take the position that these are just alter ego's etc.. at the Very least you will spend mucho dollars trying to get the personal names removed.So to me personally the liability policy is a sleep well necessity.. now it seems you are focused on cost and your portfolio which is not very big and your only talking about 1k a month not sure what the heart burn is there its just another expense.. would you be happy or think you were getting value if it was just 750 a month..

thank you @David Dachtera I would do  what they call executive housing and give discount as to length of time needed.

Monthly costs would be a base that you are locked into similar to a mortgage for the length of your stay while taking into account taxes and other fluctuating expenses.

You may want to find some tired landlords, tax sales, foreclosures (represented by an agent - arms length), work on expired listings, running some radio ads (you did say you had some cash).Tired Landlords - attend rent and housing court, listen to the cases, talk to landlords in the halls, let them know you are looking for real estate.

He talks to great length on this topic. 

There is no statutory holding period and intent can change but the length of time you hold it can certainly point one way or the other.  

.- Among other things, the total length of the loop, the hardness and thickness of the concrete all play into the length of time it takes accomplish the task mentioned.  

Is it enough for the rest of the feasibility to be built around the financials basically showing the basis for any assumptions (selling price, length of project, building costs etc.)?

On their website, RentToRetirement has the exact same property (with address and photos provided, so definitely the same house) listed for $133,900.Also, I checked references for RentToRetirement and they were not good - firstly, they did not provide any references of people who had held properties for any length of time (which is a major red flag), and the people who I did speak to were very unsatisfied with their experience.The main contact person I was talking to at RentToRetirement seemed really nice, but he was based on Colorado and didn't seem to spend any time in Memphis.