I would recommend something else as what you're proposing removes your involvement but not the risk while increasing your cost for basic real estate transactions which will require representation by an attorney/CPA as Trustee.Fun, huh?

@Peter Sik Since you reached out to the roofer directly, they should be providing a proposal independent of any insurance claim. 

In the H.R. 3936, Built in America Act, it was proposed to extend the 100% bonus depreciation until January 1, 2027.

I am considering writing a proposal for my husband...

The proposed regs say that IRC Section 162 will determine what is a trade or business.

The proposed regulations just came out yesterday so we will be diving into them over the following week.Would a single single or multi-family home investment or two be considered a trade or business?

@Hoang Bui In my experience, there is no contractor worth hiring that likes paperwork or who has the time to provide an itemized proposal.  

@Brian M Sweeney Thanks Brian, do you have any insight to the question I proposed in my reply to Nicholas?

Stepping out of the management would be a key aspect of your proposal.

I met with an architect who came out to see my property and he just got back to me with a proposal and he confirmed that I'm allowed to turn the basement into a legal unit.