Owner financing and HELOC on personal residence How did you add value to the deal?

Are you/your partner(s) foreign nationals or non-permanent resident aliens?

It would be his primary residence so most likely a duplex or triplex house hack. 

We approach each eviction the same way and have our playbook every time a resident gets behind on rent. 

You should have an honest conversation about being over budget.

Hey @Guan Hong Guo - yes combined income *assuming* all adults are on the lease (as they should be if they're residing in your property).

Learning from agents commonly working with investors is your next opportunity to find a mentor.To be honest, I wouldn't try to find a mentor from random investors on the internet.

He currently travels often for work and resides in TN. 

So everything hinges on appreciation, which could come back with inflation.Primary residences are often not good rental assets.

The resident pays the second month on time and then, and only then, do they get the concession.If the market is soft, and we are having trouble renting, before we consider concessions, we look at the product, the marketing, and lastly the price.