I confirmed that his parents had no debt on the property. 

Luckily, it's directly spelled out in our governing documents that assessment debt can't be passed from previous owners to new owners. 

CA has the AITD  and its a robust  debt instrument that is designed for these transactions.

I dealt with it on another debt fund I used to run.

What I'm thinking about is to combine bedrooms 1 and 2 into a large primary and add a full path adjacent to the current full path. 

Combining house hacking with BRRRR can work well, especially for building equity fast.

Otherwise with no income you are looking into just buying all cash or using a loan called Debt to ratio income to purchase investment properties where you use the rent to cover your mortgage but you will need to put down at least 25% down of the purchase price.

It considers factors relevant to renting, like payment history and outstanding debt, so a low ResidentScore can indicate a higher rental risk even if it’s not a traditional credit score.For declining an application due to a low score, here’s a respectful and straightforward way to word your response:---**Dear [Applicant’s Name],**Thank you for your interest in renting [Property Address].

I financed the deal through a combination of personal savings and a conventional mortgage.

I financed the deal through a combination of personal savings and a conventional mortgage.