But I won't get into that more than to say they have a tendency to overshare and seem to be in a perpetual state of angst. 

Your letter could simply state that you intend to perpetuate allowing his encroachment but, but can unilaterally change your mind at a future date.That said I doubt that he could perfect a claim if he did pursue it...AP is one of the most difficult burdens for good reason. 

All these "sweet granny baking cookies and babysitting" and playing bingo at "the old folks center" comments are stereotypical nonsense. 

It's about shacking the BULLS#$% stereotypical view that society brainwashes everyone with.

The problem is that these are specifically designated as "home owner" mortgages - both GSEs were set up to perpetuate home ownership. 

Unlike the stereotypical couple in which the husband wants to move forward with investment deals, and the wife is the one that needs to be cajoled into agreeing with the deals, I was the one that really expressed an interest in real estate. 

Plus SD is a darn nice RE market to be local in ... perfect weather, great economy, vast & wealthy tenant pool, high housing demand and perpetually limited supply ... you pay for those benefits with an expensive purchase price, but often in life you'll find that you get what you pay for.

There may only be a "license" to use the driveway or there may be a written agreement recorded in the public records allowing such use in perpetuity.

They are betting that this market will in fact materialize and the funds that bought early enough (before this market exists) will be able to either unload at lower "risk free" caps and/or sell back into this new market where inventory is perpetually lean and prices high.

I could probably sell the house in this market for $40,000 or keep collecting rent into perpetuity.