They don't know how to properly qualify an investor.Check around before making a decision.

@Jordan Miller - I think to give proper guidance it would be good to share more details on the revenues and expenses on the property.

Which I know from being in other business that that does not look good to clients if I have to cancel showing or if I don’t show for showing and pay someone else to show my house I think you can pull it off as long as you set expectations properly with clients upfront and especially if you’re working with people you already know, like other fire fighters for example will be fine with your unpredictable schedule.

With a properly written and qualified wrap note the seller of the property (that is the holder of the wrap note) still has an interest and an asset they can sell.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Section 8: Rents are too high for the program and cash paying tenants are better overall.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsSection 8: Rents are usually too high for the program.Class C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Without proper support, removing the wall could have compromised the structure of the entire house.

Proper record-keeping of rental and personal use days is essential to avoid IRS scrutiny.

There is no way to absorb the costs of properly renovating a home in its entirety when you are dealing with $115K assets.

You can review your HOA's governing documents, also known as the CC&Rs, to understand the proper procedures.

If you spend the time to properly market yourself, you may be able to raise the money, assuming you do it well.