My condition was that they rent the house for 1% of the costs and sign a 3 year lease.

MUCHHHH better and of course that leaves us with plenty of room to pay the mortgage payment so the lender is happy.Btw, I just wrote the Co-Living book for BP that comes out in Spring, you can sign up for it here!

Think of vehicles like the cyber truck where you need to sign up ahead of time to pre-order and so many people want it that the value increases shortly after they are released.

Put it in writing and have both of you sign it.

If you see at least a few zoned in the designations you mentioned above, that's potentially a good sign that you can get support from the local Alderman's office, and approval by the ZBA (zoning board of appeals), to rezone.

And, they all sign the lease. 

Get a signed bill of sale including the furniture at closing for tax depreciation.Communication is key! 

A HELOC comes with a variable interest rate and all signs are pointing to no further Fed rate cuts in 2025 - and there may even be rate increases.- So, you may want to consider locking in an interest rate via a 2nd mortgage.Do you have reserves for unexpected expenses?

I'm contemplating signing myself and my husband up for August's training... just nervous to take the plunge.

It's difficult to see how a tenant will be after screened and signing a lease.