He is a deep pockets guy, so I doubt he would flinch as long as he is getting an outstanding deal on his end.

Great site and it seems like an outstanding resource for Real Estate and more!

However, in this scenario we are each liable for the outstanding mortgage from the bank and as such, I've bumped against my credit limit with the bank. 

When the tenant moves out, call the utility company again to check if there is a balance outstanding on the account.

  $24,000 +$36,000 = $60,000/ $400,000 = 15%That is an exceptional return and good portfolio management would say to keep it because you are making an outstanding return on your equity. 

Being next to a busy highway I'm sure lowers the value considerably. 

Very, very rarely you'll find an HOA foreclosure property with an outstanding lien/mortgage for far less then the property is worth that you can then pay off and still have equity in the property.  

This looks outstanding!

In looking at the Oridna Municipal Code, I found two relavant sections:  Chapter 10.52 PARKING OF COMMERCIAL VEHICLES and Chapter 3.12 UNIFORM TRANSIENT OCCUPANCY TAX.It looks like the ordinance has defined a tiny house on a trailer as: "Oversize recreational vehicle" means vehicle, other than an automobile, which is self-propelled, motorized, and has self-contained living quarters, including a kitchen, bathroom and sleeping areas, and may be used for the transportation of people upon a street or highway, but not including any vehicle designed for travel on stationary rails or tracks.

It is a North DFW area home with great access to 75, 121 and highway 5.