House for keeps

[Demetrus Gibson]

I have a house that is potentially high maintance property. A relative just moved out. He took great care and actually improved it.!!
There is an original mort. and a home improvement loan(siding). It is in a lower income neighborhood. My wife and I want to keep it to develop more equity in it and potentially have some income coming out of it. Or simply have it to pass to the kids.
However we dont want our house destroyed and be stuck with the mortage. What do you guys recommend? Sect 8, HUD, only qualified tenants? Lease to own?... or what?

Thanks for your feedback!