Even if you break even, you will lose money every month it sits vacant, when you need repairs, property management, etc.

How do you think you'll get another 10% equity after 12 months of payments?

The house has been on the market for many months..."

Andrey this the same deal you were posting about a few months back.. if so i would contact Kathy and see whats up.. its exactly as i thought it was.. seller financing so the debt was to the seller who then probably sold the notes to other investors.. so no recourse just bad deal 

If it costs $100,000 to install an ADU and it rents for $1,000 a month, then it may be worth it.

We are renting from him for $100/month while we finish probate.

The loan is still on my name, but is being paid off every month by my buyer.

In addition to a voucher, we require that the tenant be able to show income at least 1.5 time the monthly rent, as opposed to our regular tenants who must show 3.5 time monthly rent.

I toured the property when they were home and they asked me how the living situation was gonna work, which I explained that my loan said that I had to live on the property for a year, and the tenant next door was on a year lease & he was month to month... so he was going to have to leave.

Dallas has to be meetup central.Two I like are NTAREI that normally meets on Thursdays maybe 1-2 times a month.