Friends with rentals have generally indicated that the cosigner is either nowhere to be found or ignores all communication when needed.

I have a good developer friend in the area who has a similar type property I should connect you with if you don't know him.

They will also dictate the terms of the loan, how it's filed, qualifications, etc.However, if you mean PML as in your friends/family that have NO experience in real estate and just have money sitting around...then I would certainly to counsel you to lean on some type of mentor or other experienced investor in Houston on what to do. 

I’ve seen something similar with a friend in San Diego, who bought what he thought was a legal duplex.

Years ago, a friend of mine took on a similar challenge in an older neighborhood near Chicago..he opened up the top floor to create a master suite that felt less like a converted attic and more like a boutique hotel room.

Therefore, I try to find a more user friendly web site that can distill the above into something that is readable.  

We are living in the Golden era of wine right now - never before has there been so much good inexpensive wines - but like golf there's just not enough users to demand all the supply. 

It's the perfect rental for my friend. 

I'd love to learn more about your focus as an investor-friendly agent.

Since you're selling the business and real estate to a partner/friend you will have some flexibility in value determination.