Inspect for any rot or damage periodically, and replace or repair sections as needed to maintain its condition.Potential Upgrades / Considerations: Security:Enhance security with robust locks, a video doorbell, and exterior lighting.

I appreciate your consideration of my deal and welcome any solutions you may have. 

Hoping to learn more about: best practices, risk management, legal Considerations, and most important building long trust term relationships with borrowers.I deeply believe in the power of community and learning from each other's experiences.

RESIDENCE Definition & Legal MeaningDefinition & Citations:Living or dwelling in a certain place permanently or for a considerable length of time.

That being said, you'll need considerable equity in the deal to have a lender bite. 

Something to consider- most people in your situation will make WAY more money through tax savings than they will through cash flow-so, take that in to consideration.

Unless you have considerable cash as well to put down on a home I would say not to do it.

It's important to be ethical and considerate in your dealings. 

After careful consideration I passed on the opportunity. 

(insurance and other considerations aside).I understand that the numbers were just an example but agree with everyone else, uphill battle very hard sell.