For this reason, I teach people to set policies for renting to unrelated individuals.

One thing that DSCR is not really set up for is if the property is "Subject to" meaning not move in ready/live able.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

If a Room for Rent is worth $1000/month, then reverse amortization at current interest rates between 6.5-8.5% for 30 year mortgage would set the price between $130,000 to $158,000.

This sets the right expectations. 

First, lets set some inaccurate information straight. 

There are several companies that send letters and some are active on Bigger Pockets.However, I would caution you to set expectations appropriately.1.

The Heloc can also pose as a debt obstacle since its an open end mortgage a.k.a credit card.a mortgage is also set up over 30 years so it offers a lower rate and payment. 

In addition, the company that they recommend we work with, Prime, helped me set up my companies and though I repeatedly asked them if there were any differences in how it was set up because I was a Canadian, I was told that the way they suggested I do it was the right way.

That "pipe" is known as a Line Set.