"Unless the previous borrower requests a release of liability, the servicer must process the following exempt transactions without reviewing or approving the terms of the transfer:A transfer of the property (or, if the borrower is an inter vivos revocable trust, a transfer of a beneficial interest in the trust) to a limited liability company (LLC), provided that the mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, and the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence)."

Many people forget that all a mortgage or deed of trust is is a security instrument.

I recognize the value of building a strong network and believe that partnerships are instrumental in achieving success in this field.I am reaching out to seasoned professionals like yourself with the hope of gaining insights, guidance, and potentially forming partnerships that could be mutually beneficial.

The downside is losing a valuable asset that generates rental income and potential future appreciation.Exploring Other Financial Options: You might explore refinancing options or other financial instruments that could allow you to access the equity in your property without selling it.

They can access better financing generally especailly financial instruments, have the scale, and its pretty much completely passive to you.Its certainly much easier to invest via a REIT into various commercial spaces, especially also when the investment isnt' near you. 

Your response has been instrumental in shaping my understanding as I navigate this exciting journey.Thank you once again for your generosity in sharing your knowledge and taking the time for such an extensive reply.Best regards,Jonathan

A HELOC is a short-term debt instrument.

Any debt instrument such as a mortgage must be non-recourse, meaning no personal guarantee from you.There are a handful of banks that do this kind of lending.  

I have a full time job as a scientific instrument sales representative, and I am normally on the road at least three days per week.  

A promissory note is the contract between the lender and borrower, it references the transaction and deal terms; the mortgage, or deed of trust, is the security instrument that puts the lien on the property when recorded properly.