Many clients I assist establish nonprofits for this specific purpose, yet frequently encounter difficulties in securing suitable housing or face budgetary constraints in purchasing property, often opting to lease instead.You’ll want to ensure that whoever you end up leasing to has house rules drafted and requires each resident to comply with them.

I have a few clients that are inadvertently pursuing this strategy - but it is more about business decisions and swapping to larger properties.To do so purely for tax purposes, especially on a one year turn around schedule, assuming the standard 4-6% commissions, legal fees, real estate transfer taxes, etc - nevermind the headache of finding a suitable replacement property in the correct time frame, exchange fees, more cost seg fees, etc - this gets to be fairly expensive. 

Is the area, location and other dynamics suitable for the price and upside opportunity - and do you have the resources and skills to make it all that it could be?

So he said he hound a property in Plainfiled IL that was suitable for a Lease to Own.

Whether it was a suitable investment for you given your net worth and earnings - anything they told you about suitability.

Hopefully this will help.Proper Insurance: Offers comprehensive coverage specifically tailored for short-term rentals, including replacement cost coverage and robust liability protection.Allstate: Offers HostAdvantage, a home-sharing insurance program designed to supplement existing homeowners policies for short-term rentals.CBIZ: Specializes in vacation rental insurance with wide-ranging coverage, particularly suitable for homes with additional amenities.Foremost Insurance: Known for its comprehensive vacation rental insurance policies, making it a top choice for many property owners.Obie: Stands out for its focus on short-term rentals, offering tailored policies for this specific market.Steadily: Provides vacation rental property insurance that can be customized to fit the unique needs of short-term rental owners.RentalGuardian: Offers specialized short-term rental insurance products, including options for both property and liability coverage.InsuraGuest: Provides technology-driven insurance solutions specifically designed for the hospitality industry, including vacation rentals.

Tilting towards stocks warranting high PE(vgt), dollar debased assets(bitcoin & gold & INTL equity) is the most suitable.

Our plan is to purchase a suitable property and ensure it meets all required codes and licensing standards.I would greatly appreciate any advice, insights, or best practices from those who have experience in this field.

In my opinion, this program is not suitable for individuals with poor credit or those without at least $25,000 to invest.

How to target suitable areas?