We could sell that house by itself, but it would be sold under a land in common agreement and an HOA would need to be formed.I also confirmed with the Public Works department that a 2nd driveway can go in, with a septic designer that there's room for second septic tank, and with the public water company that they can tap into the main water line from one of the neighboring roads.I'm sure there are some more details that I would need to iron out that the code officer didn't bring up, but the high level answer I was looking for is that my town does allow selling off a second house under the LD 2003 legislation.

It's not a hotel, the houses won't be perfect (unless it's new construction or luxury). 

Tenant is paying perfectly....except their late fee. 

This idea is not new so he saying you pay off all your property in 7.4 years if all conditions were perfect . 

If the deal tanks,  interest is coming down, you may do better in the end.

She said the tenant was basically a perfect tenant for the last 11 years with never a late payment or noise or damage complaint. 

I have a nearly perfect credit score and I'm gambling on that for my first project.

I would check this list out if you want to absolutely make sure you're getting a lender that has that perfect combination of trustworthiness and solid terms!

Look for cracks in the foundation, walls, or ceilings, as these may suggest settling or shifting.Additionally, keep an eye out for pest infestations, particularly termites or carpenter ants, which can cause significant damage to wooden structures.Lastly, be aware of environmental concerns such as radon levels and underground oil tanks, which can pose health risks.Having a qualified home inspector conduct a thorough evaluation is essential.

I'm trying to perfect the language to attract both traditional and distressed sellers.