That's one way to ruin a friendship and guarantee that they won't help in the future.

I've converted a dining room and a den in a property I lived in for a few years and rented extra bedrooms out, never had any issues and also didn't have to ruin the house with a senseless rehab to add a "legal bedroom".  

Thereby losing all their equity and ruining their credit.Mistakes at trustee sales are common.. we were one of the top 5 buyers for years in pdx market and I would say I lost money on 1 out of 10 to 15.. if your doing volume and buying at courthouse steps its not if you will lose its when.. where people get hammered is they try one and lose 50k and never do it again.. you have to income average..

(We are retired now due to his cancer).

I am sure it has been said on these forums before BUT:  A bad operator can ruin a good project and a great operator can make a bad project manageable!  

Then was able to turn around and help a single mom into buying the home after she had ruined her credit going through a divorce.

I've had my share of bad property managers and they can ruin your life.

I have an older army veteran who lost his wife of over 30 years to cancer earlier this year and is now looking to sell what once was their home.

I understand that ruins your financing plans but it may be your cheapest option overall.  

I started to help manage my mother's properties when she became sick with cancer.