I have a detailed plan already. 

It may help if you give some details on the area, how much you are charging per room, utility costs, taxes, etc. 

Some may charge extra for an S8 lease due to all the extra paperwork and chasing required with caseworkers. 

Perhaps I should've been more clear and specific on details.

I feel bad for the tenant but them wanting the convenience of having the broker handle it is going to cost them $10K in extra rent.Thanks again for your advice here!

I refrained from that though when she quickly got into the "makes just enough to live" part.I always tell folks that HELOC's are great if you can shoulder the extra debt servicing without losing sleep.Overall, I agree anyone telling her to leverage her existing equity is not looking out for her best interests.

You’re losing an extra 6% per year.

Since you put only 35K down, and your brother pays you an extra $500 for the rent, he will pay his portion within 35 months with no interest on the money you lend him - 17.5K(half downpayment).

If you want to talk more about the market, please reahc out anytime and we can go into more detail

I’ll shoot you a message to share more details.