That is the actual truth but they go to great lengths to hide it.2.   

@Yifat Gat assuming the goal is not to hide marital assets, putting a property into a trust or LLC won't really reduce your involvement unless you're also hiring management, which you could do without an LLC or trust.

If you go with conventional door locks, hide one in an inconspicuous area so that when the tenants lock themselves out at 2:15 in the morning you don't have to make a trip to let them in. 

I’m a full time pharmacist with a full sleeve tattoo and often run into this same mentality...and I often wear long sleeve white coats to hide it since I deal with such a large daily population.

Be kinda curious how he's going to hide his kid making money off the Chinese. 

While it may seem like a good deal on paper, my first impression based on your explanation of the situation is that the seller is hiding something.

You make it sound like they put up a wall up hiding all the things wrong with the house.  

Not going to be able to hide A from B or B from A.Also don't partner on mortgages unless it's with your spouse. 

There is alot she could be hiding other then foundation issues.

Some lenders and brokers hide the fee's/costs in the term 'Discount for rate chosen".