Consumers don't survive very long in the business world unless they learn to become entrepreneurs.Remember, however, that the wealthiest people on the planet (the banksters) got that way through leverage and arbitrage.

Another useless toxic post.

But you can get rid of two potential head wreckers (There is nothing worse on this planet than an HOA in a retreating real estate market).

Also when you do allow this you are setting a precedent that could come back to bite you down the road if the relationship ever gets toxic and litigious which it very often does.I suggest you keep it where they pay rent and you manage the property and fix, repair , upgrade what you as the owner feel is needed, not what they want.

This is the largest real estate help site on the Planet right now.  

It's the best financing on the planet. 30 years, low fixed rate, tax deductible.

However, if you keep the homes under 3000 sq ft, you can make it cost effective...and, one of the most energy efficient, well built homes on the planet.

A lot of your recently distressed sellers are in these toxic mortgages that just blew up on them. 

Santa Barbara is one of the most expensive areas of the planet!

The next 18-24 months were focused on recovery, proving to my partners at work that I was still an awesome IT consultant and much introspection focused on why I am here on this planet and what I am going to do with the small amount of time I have.