Home equity loans can be very dangerous, especially for someone who will be learning to modify past spending habits.

* Is there a negative employment/demographic/crime trend in this area that is harming occupancy and would make turnaround difficult?

I would not make a regular habit of this practice.

All of this and many other factors need to be considered running a restaurant.The biggest issue a one off restaurant faces is food quality and pricing.Small places can't order in massive quantities so do not have long term food contracts locked in at a set price like chains do.Instead food cost fluctuations can hurt a small restaurant plus the quality you get from a supplier might be good one week but the next a new company came in to the food supplier and gave them a cheaper deal to use their product and try it out.The new product may be better,the same, or worse.The problem is you pay the same price and charge the customer the same price as before but it might not taste as good.I don't know how you will buy this restaurant as you have no experience as an owner.You can't just open a restaurant and expect people to come in.A few will but not enough to make a great business.You have to pound the ground and press palms and get the product with free samples into people's mouths.This will generate buzz for your restaurant and create customers with a relationship.Customers are habit creatures.Get them a great experience,great food,decent price and you will get repeat business.

If they can't take your offer, they'll tell you, no harm done.

If she is "less than ideal" in her living habits, I would simply offer her the chance to get out of the lease in 30 days (maybe a touch longer but don't get taken advantage of!).

(Don't get buried with debt that could choke a horse by going to an out of state private school, If your passion is to teach elementary school, there are more economical ways to get your degree to make that happen.) 2) Explore new things to find something you are passionate about. 3) Observe & learn what drives human behavior 4) Learn how to use a Financial Calculator & understand how powerful a tool it is in your financial life. 5) Build & maintain good habits 6) Develop great relationships, surround yourself with trustworthy, hardworking, honest, & passionate people. 7) Develop a thirst for knowledge & never stop learning.

I truly believe that HOA boards are generally well-intentioned but often the wanna-be dictators do far more harm than good in the long-run!

Old habit from living in the urban center.

You will need to demonstrate good faith effort, show you acted prudently and responsibly and provide proof that the unit was habitable.