If you did not and it’s unsecured debt you could be out of luck on some or all of the money as depending on his situation unsecured creditors in a bk may receive pennies on the dollar depending on what he can afford and if converted to a ch 7 you would get wiped out.Even in 2nd position he could argue the property is underwater and wipe out your lien.

Technically, you're using equity which is better to pay off in debt so restructuring could be good, but you need to really look at the returns.

If they really want the house they will sign one lease.I can't tell you how many tenants I've had who had parents that were lawyers and pulled the "lawyer card" even before they moved in.

Keep an eye on your debt-to-income ratio and overall leverage to avoid overextending.

You would now be free & clear of any debt service and the expense impact of such.

PadSplit is not passive but it has been a mostly positive experience for me.His numbers seem realistic except PadSplit fees are typically 14.75% (not 14.25%)which is a 12% platform fee and a 2.75% stripe fee to allow members to pay their rent w a credit card. 

this is old  tried and true method of simply having you pay them to get credit cards .. there is no need to pay for this service.. unless you want to of course.. there is no magic bullet ut there that is going to give you credit and financing unless you actually qualify for it.But zero interest credit cards are used by some to do rehab and then pay them off issue is though your fico score drops like a rock the second you take on all these CC.Also starting out there is zero chance of getting any kind of business line of Credit that is unsecured.

Tax on Debt-Financed Income: Subject to UBIT.3.

@Robert Higdon this is the single only reason I regretted getting the CCH on my CDL instead of a seperate card. 2am in the ghetto at a Quicktrip.

@Gisell GarciaI use zelle and deposit only cards.