It's not in my nature to sit and post on sites for all to see but Sabrina Ubele and John Madison deserve the praise.

Thank God we are not living those times any more.It seems that you are a  young person, so naturally, you may be comparing the rates you were recently quoted to the rates of January 2021.

To me this makes little sense if you can get subsidized loans (meaning qualifying for Fannie Mae, NOO rentals) because 1) LOCs are short term debt and rentals are typically held longer term and 2) there is no guarantee the LOC wouldn't be called due by the lender... that's the nature of credit instruments. 

There are certainly people who skirt the rules by not disclosing the nature of the downpayment money or where it comes from but it seems like your partner is doing this the right way.

I think its going to just take some time for the end buyers in the chain (the people responsible for buying the MBS through the whole process - generally banks, insurance cos, pension funds) - by nature are very conservative and slow to adopt to new things like SRO.Its a tough situation because the message a lot of times ends up being "rent it out traditionally on a single lease since thats more conservative" yet they are out of touch with investors who can only cash flow in this current environment with creative solutions such as rent by room, etc.

Personally I'm not really worried about natural disaster type issues in DFW. 

Think thats just the nature of the beast.

The only issue is that they're usually clumped together, meaning a lot of small time landlords dictate how the neighborhood develops, and naturally most renters are not going to do extra maintenance for someone else's property.

Any resolution to share the costs would need to acknowledge the restricted nature of the common elements involved, such as the windows."

Picture this: a cozy little hideaway tucked into the hills, surrounded by nothing but nature's beauty.