Please bear with me.The thought of "rent credits" should be wipped out of mind, the words never spoken, the concept forgotten and there should be punishment for even thinking in those terms....

I explained the concept to him and he basically told me that he doesn't really have experience in it because he doesn't think that is something that the Long Island market is good for.

In the homes I sold using this concept, I transferred 100 percent of maintenance and repairs to the tenant.

I really don't think these are hard concepts to garner.

Primarily because he misunderstands the concept that the US federal government is the monopoly supplier of the US Dollar and thus a currency issuer, whereas you and I and businesses and states are all currency users.

If you have significant capital to invest (I don't know your situation) a safe bet is partnering up with a hard money firm and becoming a transactional funder - kind of the same concept except you don't end up being a slumlord...

I guess I could have put a bedroom downstairs but the house is open concept and almost a perfect square so I feel that it would have been very awkward.

I would think that concept along swings the odds into your favor, you just have to find the local bank that will do the loan.Good luck.

In addition, the statement in your last post where you mention the Title company asked for a cancelled check to show payoff for the outstanding lien is a flawed concept.

I believe I understand the concept fairly well.