Linda,Welcome to the BP forum, it's one of the bes REI sites right now loaded with seasoned investors and seasoned professionals able to help with every angle. 

Even though it’s tempting to get a head start on the roof due to the weather, having workers in the property while the seller is still living there can create complications.

Also, a seller who has a good agent will realize these loans are more complicated and that this type of financing is less likely to result in a sale.

Hey @Tony Thomas, I won't speak to the tax side (not a tax pro) but from a bookkeeping perspective, this will complicate your operations (and, bookkeeping as a result) quite a bit.So, ensure you have super powerful incentives from an REI-savvy attorney and an REI-savvy tax advisor prior to making this move.Some of our Clients have implemented this in the past (prior to working with us) and their businesses weren't large enough to justify the complications that come with this type of structure.Hope that helps!

It's been a while since I last posted here, and the site has changed quite a bit...

Since you and your brother are on separate loans and titles, this could complicate the exchange.

@David KanarekI see you just started posting here on the site 2 days ago and so far strictly the posts about Norada notes.  

But if you're living on site and knocking on doors to collect rent, could work out for you. 

This could be anything from confusing UX to lack of certain integrations.How useful would a custom listing site be for you?

Check out the exceptions to the law as it does not apply to all rentals:https://www.nyc.gov/site/hpd/services-and-information/good-c...If it did apply to you, month-to-month agreements would still allow you to do rent increases any time.