Equity isn’t defined by the cash you put in the deal.

(1) Any person who as owner or lessor performs any of the acts defined in KRS324.010 with reference to property owned or leased by him or to his regularemployees, with respect to the property so owned or leased, if the acts areperformed in the regular course of, or as an incident to, the management of theproperty and the investment in it

He's a fictional character on NBC's Parks and Rec.

Here is your definition of absorption rates in real estate: The absorption rate is defined as the rate at which homes that are available in a market are sold over a given time frame.

The home had great character and had been untouched for decades.

If your criteria is not defined enough to cover this situation ( xTimes income, qualified # of income streams, credit score, employee status (W2/1099), employment history, employment type) , then this is a great opportunity to understand your risk tolerance and put some measurable boundaries around them.

It is also important to define the level of risk each party is taking, and the level of compensation for that amount of risk. 

Only if I knew the people personally and made an exception based on knowing their character.  

Under Regulations 1.121,"A property used by the taxpayer as the taxpayer's residence may include a houseboat, a house trailer, or the house or apartment that the taxpayer is entitled to occupy as a tenant-stockholder in a cooperative housing corporation (as those terms are defined in section 216(b)(1) and (2)).

Are there any specific states where DTV does not matter a lot.( I am aware that DTI limits are defined by Freddie/Fannie)Investor is individual, no LLCs are involved:Thank you for your assistance.