We are working out how to fairly distribute the cash flow so everyone is compensated.

If it's a particularly infamous house on Seymour you may be able to set up an Airbnb for people who want to play out their kidnapping kinks.

Investing is a long term strategy for me, not so much a short term play.

Decide which game you want to play.

That person is now a licensed broker and has done fairly well but I dont think the training worked long term for him.

Properties like this interest me because of their cheap price and fairly high rents.

The decision would be based on the income situation, so I'm not worried about violating fair housing laws.Lesson learned...

The condo proceeds from the HELOC used as a down payment will not be taxed.The tax will come into play when the condo is sold.

Before trying out for a pro team, ensure you enjoy playing the game, understand the rules, and have some talent for it.

This is fairly standard in the Westchester area given most homes are 100+ years old and the building code / inspectors didn't really come to power until the 70s or 80s.Likely your real estate agent will note the issues.