The rents from the rental pay for her room at board at the retirement home.

.: @Colleen A LevittYou can always pay off or refinance the loan.

And keep in mind, in this day and age, one can argue such an action become criminally liable.

Keep in mind that only the "building basis" can be segregated and will benefit from accelerated depreciation.

The only time I'd say it's an okay idea is if either: The area you're investing in is expecting so much appreciation that you will easily profit off that (watch out for mortgage interest though...the appreciation needs to be higher than what you pay in that and expenses to make it profitable)You have some specific reason for wanting to do it- family ties, future home, major long-term hold, etc.Maybe I'm forgetting another one, but those two are all I have for now...

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Building connections with like minded individuals to help each other achieve their goals is priceless.

@Sunny Wu of course the tenants don't want to pay!

If you dont pay by next Thursday, I'm going to tell my atty to file it and take your property."

What do you have in mind?