I ended up in New Orleans this week anyway because I got a niece and am being an Auntie!

If you hire Auntie's Acres Cabin Club (hoping that's not a thing) to manage your property, you'll lose 40% of that "earning" before you ever see a dime.  

Then you make babies and need more bedrooms for kids and gramma’s and aunties and nanny’s instead of roommates.

But, if you're doing seller financing with your aunt, I infer that you're not in a position to an equity line.

I'm still looking for my first deal and I think I may have found it, so once again I'm turning to the BP community to help me make sure I'm making a wise decision.Here's the situation:My aunt is moving out of the 3/2 house she's owned in Simpsonville, SC for 11 years.

I have family upstate (between Buffalo and Rochester) and a close aunt is in the process of closing on her second rental property.

If the aunt is willing to cosign, then why not market rent?

@Patrick Crehan It really depends upon the aunt. Is

My aunt is actually on the Steubenville city council.  

But thanks to the help of my aunt I was not sold on the idea, but this is not what I want to talk about.What I want to talk about is the financial issue that I'm having due to the fact that, I took out an 18k loan in car dept and now I'm not sure as to whether I should pay off my car dept first before getting into REI, or I should just jump into it?