I’m open to paying the $20K to bring the mortgage current, but I want to ensure my position is protected.If the deal falls through, how can I secure my $20K so I’m not left out of pocket?

The sofa bed was always temporary, and I plan to replace it with a queen + twin bunk setup, bringing the total occupancy to 7 long-term.To maximize income this summer, I’m debating keeping the sofa bed in a spare nook, bringing capacity to 9.

We would like to create a partnership where we are 50/50 partners and he brings the cash and I bring the experience, knowledge, and contacts ect.

I don't know if they still do it but if memory serves a few years ago TD Bank would do a HELOC on a rental in second position but only if it was titled in someone's personal name. 

In both cases after they moved out I had to spend a lot to bring the property back to its previous condition. 

You have one STR, and you want someone to bring all of the money for your second?

Purchase price: $175,000 Cash invested: $35,000Buyout property that needed significant upgrades to bring to rental market in 2022.

:(sorry for the thread hijack) We're restoring a Maule taildragger and probably bringing up there.

., one partner brings market knowledge, the other brings financial resources). - Diversification of risk and reward. - Accelerated growth through combined efforts. 2.

---Are you talking about providing umbrellas and raincoats as alternative guest coverage in case they didn't bring their own?