More people moving to a city is more potential tenants. 

I own the property free and clear and i use the equity as part of my business line of credit.

Many, many people have made huge fortunes on SFR's alone.Speak extensively with anyone who invests in RE and do everything you can to pull out why you *shouldn't* do something.

Good to know as I have a property coming on the market and we had one off market offer already all cash but at 10% list price discount (which we most likely will reject).Curious if you think the california fires will assist the market since many of those people need places to live for years and I am guessing some will flee california?

Hey @Keagan Scott, so I don't have any insight into Gary, IN but here is a blurb -"Those looking to rent out their properties for less than 30 days (about 4 and a half weeks) will have to get a permit, pay a one-time $150 fee, and have a city business license.

There's no reason to provide details, though I do let people know if anyone asks that we do not accept bulk up-front rent payments or anything like that because I absolutely do not want a prospective tenant to think that someone else swooped in with a bunch of cash last minute.

From this perspective, yes, I am still legally responsible.But how can both people be legally responsible for the same loan?

I love hearing people succeed!

Give them a couple of options, they already know the unit got foreclosed, most people move to avoid the hassle. 

I also hold a couple of real estate forums in the area for people like yourselves to connect with service providers, GC's, etc.