Say I have NO problem with smoking of any substances - but not inside.

Manufacturing and/or distribution of a controlled substance is a deny.  

“Drug-related illegal activity” means the illegal manufacture, sale, distribution, purchase, USE, or possession with intent to manufacture, sell distribute, or USE of a controlled substance (as defined in Section 102 or the Controlled Substance Act (21 U.S.C. 8002) or possession of drug paraphernalia.2.Resident, any member of the resident’s household or guest or other person under the resident’s control shall not engage in any act intended to facilitate illegal activity, including drug-related illegal activity, on or near the said premises.3.Resident or members of the household will not permit the dwelling to be used for, or to facilitate illegal activity, including drug-related illegal activity, regardless of whether the individual engaging in such activity is a member of the household.4.Resident or members of the household will not engage in the manufacture, sale or distribution of illegal drugs at any locations, whether on or near the dwelling unit premises, or otherwise.5.Resident, any members of the resident’s household, or a guest or other person under the resident’s control shall not engage in acts of violence, or threats of violence, including but not limited to the unlawful discharge of firearms, prostitution, criminal street gang activity, intimidation, or any other breach of the housing agreement that the other wise jeopardizes the health safety or welfare of the landlord, his agents, or tenants.6.VIOLATION OF THE ABOVE PROVISIONS SHALL BE A MATERIAL VIOLATION OF THE HOUSING AGREEMENT AND GOOD CAUSE FOR TEMINATION OF TENANCY.

You could refi the money out, thus adding a mortgage to each deal (remember, each deal has 100% equity since there are no liens on these properties), or you can do equity sharing which would offer many more options and no added cost/expense.The key is getting this initial cash like substance (initial loan) in and out of as many deals as you can per year.  

There's a larger concern if tenants are in place because disturbing those substances can have health concerns and become a liability if not done correctly.  

Lets keep in touch on this journey - and Susan I'm too very familiar with this substance they call Mississippi or  Yazoo Clay...lol. 

If the kid is underage and/or marijuana is a restricted substance in your state, address the unlawful activity on your property issue. 

Rinse and repeatTo add some substance to this hypothetical, here are the numbers I'm working with (I know it's possible, I have one now but had a $279,900 purchase price):$310,000 purchase price, 7 bed 4 bath SFH, rented to 7 students.$3605/mo rent income plus utilities paid for.$341,000 needed in about a year to pay back investors ($310,000 plus 10% return, all depending on the original purchase price, but let's go with this as a conservative estimate).My biggest questions:1.)

Read any interview with Trump about taxes and there is nothing of substance there.  

Give him a mortgage at 1-2% over the underlying mortgage so you make a bit each month.What happens to optimistic but financially weak folks is that they get into a deal like this, have a job loss, they get into substance abuse or some issue and they can't finish the house, or continue payments.