After the second deal fell trough we were considering converting the property in to rental and I start looking for financing.

You see that a lot in cities where a single family is illegally converted into 2.

With 100-year-old properties, it's quite likely we're talking about converted hot water gravity systems and in a place like Jersey City, converted coal burning systems.

Not only that, but my surveyor said it appeared that the house was encroaching on the neighboring property by a couple inches! 

I would manage it as a VRBO property, convert to a traditional mortgage within the next two years and make aggressive payments to cut down on the principal as quickly as possible.

I am trying to convert all loans to 20 yr notes, and my long term goal is to continue obtaining properties for passive income and retire early.

This would allow you to convert the high credit card interest rate to something more manageable, with the HELOC interest sitting at around 5%.

The only concern I would have is that it was originally an ALF but was converted into apartments so that suggests that the market could not support the business as running an ALF can be costly.

Prices here have only inched up a little bit when compared to other markets.

We are converting our house into a rental property and there is an interior security camera (part of a NEST system) in the main living area Is there any reason I have to remove it when tenants occupy the property?