But the risk caused by this, is that the safety cushion is reduced or completely eliminated, and a small problem can cause a catastrophic default on the debt.So, many of these aggressively structured deals have been heavily distressed.

Add a couple of chargers, no problem. 

If you owe the bank 1M, you have a problem, if you owe the bank 50M, the bank has a problem.If your child dies or has a divorce does his spouse become part owner of the properties?  

Quote from @James Kiny: We are a welcoming group of investors -seasoned and prospective - looking to share ideas, talk over problems and celebrate successes of our group members.

They’re all accessible but would take a bit of effort to get to if there are tenants occupying both units.It seems like this may have not been the most ideal purchase then, with the biggest problem being that it’s a single family being rented as two units.

However it still doesn't solve my other objective.

This is one of the problems with housing in lower tier markets because on the surface they appear to be great value but capex makes it impossible in many cases to keep them up and running and therefore the cash flow from your spread sheet rarely translates to reality.

It is pretty odd and frustrating problem you have.

The dollar and gold don't have such problems.

I myself have a 1/1 apartment on Davis Islands near the hospital that I'm considering renting to traveling nurses.The problem with rental arbitrage is that you need leverage as the renter to negotiate assignable lease terms with your landlord.