Living in MN.

With your point, it seems like living security of 'where's next' for them will be the biggest obstacle for the seller to overcome.

You should go through an RMLO if it is a homeowner who will live there.You are doing a wrap loan.

Each tenant living in a building has their own unique rent amount, so even if they do not leave a notation with the rent payment, I know whom paid the rent based on the amount alone.

I own a duplex property (I do not live on site) and I'm renting out the 2 bed/1 bath back house.

I am still living in Chicago but plan to move to New York in a year or two.

Main goal of All In One heloc or 1st Lien Position Heloc:  Lower your daily average balance.Main Drawback: Rates are substantially higher than 60% of current 1st mortgage balances.If you are mostly living paycheck to paycheck and your money leaves your account as soon as it comes in to pay bills, this is not for you. 

Hotel reservations at the 2025 venue, Caesars Palace, are already available to book using this link https://book.passkey.com/event/50916112/owner/4929/home and BPCON2025 tickets will be live soon. 

Hope I live long enough to see your idea come to fruition.  

I have no prior investment experience but after living in Paraguay, and reading some books about real estate investments, I think I'm ready to buy my first property.