Or paying off my debt, while I provide them with a nice house to live in instead of an apartment. 

Ultimately you will have to sell your house at a discount. 

Hi everyone! I'm Igor - a revenue management expert with over 10 years of experience in the hospitality industry. I started my career working for Marriott in New York and Toronto, specializing in dynamic pricing and...

Since the original loan was apparently for a primary residence an LLC could never qualify because it isn't a person who would owner occupy the property. 2.

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

If someone is walking down the street and trips on your sidewalk or a  walk way whether its a tenant, delivery person or passerby you are the one who gets sued because its premises liability exposure.

The place I have is over 30 years old and a mansion ("mansion" in Japan means an apartment, not "mansion" like a huge house). 

Now, if you haven't yet, now is the time for you to go see the situation in person.  

This means that your permanent residence is excluded (except if you are doing a house hack in which the part that is rented out is eligible for cost segregation).

Perhaps we "buy" the house from them for the $328K balance to satisfy the lender and don't need a large down payment and then have a separate contract with them to pay $x per month until we've paid the full $172K amount.