Rent by the room gives you the opportunity to get more renters to cover the mortgage, making it easier to stabilize the asset.

I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.

Your background in construction and recent move into consulting sound like valuable assets for the community.

For the home loan, if assuming it isn’t an option with your current income, you might consider using some of the cabin sale proceeds as reserves or paying down debt to improve your financial standing.

Weeks went by.The Vendee lender's agent seemed pretty much like dealing with any mortgage lender - asking for all our financial paperwork, taxes, etc.  

There has to be an account in the middle for repairs, renovations, etc. and you want to know how that will be disbursed and if you need a workflow between you.If you decide to do it, just start small with an asset that is as close to can't lose as possible so you can fine-tune your collective process.

It's a great idea to put together a single document summarizing the financials remaining properties (which I manage remotely) and teach her about commercial leases.

It made financial sense for the banks to abandon the properties.

The property remains a valuable asset in my portfolio, delivering strong returns while requiring minimal ongoing investment.

Additionally, the property’s location and its rarity as a townhouse in Uptown Charlotte further increased its value and demand, solidifying its place as a high-performing asset in my portfolio.