Sticking to target margins during negotiations was vital to preserving investment value.

Sticking to target margins during negotiations was vital to preserving investment value.

Just suggesting that regionality still plays a vital role in how we make a living in this world. 

Todd,A Reverse Mortgage or HECM loan is an Agency backed mortgage that allows you to access a portion of your equity with no payment required, the interest you're not paying gets added to the loan.

What are the best practices for legally converting a portion of a home into a duplex?

The seller financing portion could be for the full amount, or for a portion of the down payment.I am wondering if anybody has kept the seller in the deal as a JV/Limited partner to help offset their concerns?

Some takeaways from him:Treasury Regulations section 1.280A-2(i)(3) gives a couple of ways you can proportion the rental portion of a property--my accountant used square footage.Under section 280A of the tax code, common areas that you also use are considered part of your personal space and unfortunately aren’t counted as part of the rental space in the proportion calculation.

@Liz Lynn For the trailer portion, those are pretty old homes.

A decent portion of S8 tenants don't pay their portion of rent or utilities - sticking it to their landlord.Forget about using the threat of having their voucher taken away, as that doesn't really happen any more:(We manage almost 700 doors in Metro Detroit with almost 100 S8 tenants.

@Daniel ToshevI received some good info that might make this possible for you.Give me a ring happy to discuss more I can connect you with Danielle.From my go to lender:Danielle AndersonLoan Officerthe leases would need to be specific that they are only a portion of the home (Basement) and upstairs.