I literally laughed through the phone at his suggestion, because I was broke, in debt, and in every way and unqualified borrower, and the lending environment in 2012 was probably stricter than it had been since the invention of the 30yr mortgage.

You really should never leverage the home you live in.

Thank you.I live here and the answer is no.

This fall we launched 2 more syndications for infill developments in Boise. a 30+ unit Live-work townhome project in West Boise that has never been developed on 1.3 acres of land and an 8 unit lot split on the Boise Bench with a house to flip on an acre. 

Leveraging a property in todays environment of high interest rates will not get you cash flowing. 

Additionally, I am beginning to believe you don't live there to be the "house monitor" as this seems to be going on for a time period. 

Living trust does nothing for anonymity.

Working horrible job, living horrible, no golden streets of opportunity found.

Best of luck, and if I lived nearby I think I’d be bullish on, and potentially investing in the area as well! 

Vet potential partners carefully and aim for relationships that can grow with your portfolio.In this higher interest rate environment, focus on cash flow and creative financing options like the HomeStyle rehab loan or seller financing.