What I'm seeing here is a really light rehab ($15K) that generates $60K in equity value, and then breakeven afterwards... with self-management. 

Rent breaks even but we have about 250k in equity in the home.

Rates just dropped Monday after a bad 2 weeks so its a good time to pull the trigger.Multifamily rentals pay off in the loan run so its never a bad investment on a cash flowing property that will debt service itself and grow in equity. 

On November 17, 2020 person A's remainder interest passed in equal shares to Person B and C.

Here are reasons why I wouldn't do this as a buyer:- I bring you $60K, and now have negative $80K in equity.

@Shiloh LundahlTheoretically assuming properties were identical in every sense yes because I don’t need cash flow and would rather have the extra $100k in equity.Now $600/mo could get you another $100k mortgage to get you another property that could potentially also cash flow but for me personally I am in equity play mode now income mode - just my personal choice but nothing wrong with the other scenario

. $100k in equity.

If the Smokies market maintains $400 or more per sqft I'll have about $250k in equity at closing (conservatively speaking). 

The simple math says you have $12k in equity.

I think overturning some of them will include getting some of the nearby lots to vote on it as there is a clause stating that that's allowed.The thing that scares me the most is regarding the stylistic stuff -- there's a clause stating -- "The homes shall be harmonious with and reflect the exterior design characteristics of these homes already erected on the property" and that combined with -- "it should be lawful for any peron or persons owning any real property situated in said tract, to prosecute an action or proceeding at law or in equity against a person or persons either to prevent him or them from violating these covenants or to recover damages for such violation"My RE lawyer friend said that its such a broad clause that it could potentially open you up to getting sued if a neighbor really wanted to depending on the stylistic choice of your home.