It used be a more common way to implement the equivalent of zoning standards before zoning was a thing. 

I guess i would like to have clear goals on what to aim for when i save money and understand who i can reach out for such things.

My goal: create an interest-free loan which is appealing to a potential homebuyer, yet doesn't make too big of a discount on my end.For example: If I sold my $300,000 house with 20% down ($60,000) over 30 years, at 6.7% interest rate: $1548.67 principal and interest per month1548.67 x 12 x 30 = $557,521.20What I would do would offer a lower monthly payment and no usury, but it would effectively be like a prepayment penalty.Arbitrarily, let's say 20% off the monthly payment, or $309.73 less per month: $1238.94 monthly payment.House would be sold at $446,018.40, which is $111,502.8 less than the total paid with a normal mortgage, but $116,018 more than the market price.

I have three separate tenants, each renting room + common areas (2 of the tenants are friends) in a single family home.

I agree in principle as well; there just needs to be a healthy dose of common sense in the process.

@Eric DeNardo tough to make it work if your goal is to get all your money back (ie down payment and rehab).

Hello, I am working on my financial independence plan - my goal is to generate a passive income of $10k a month.

BP sometimes cuts my messages short because I use a cut/paste for common questions.Check out File Place: https://www.biggerpockets.com/...The link is located in the footer of every page on the left side.

What's your goal with the transaction & property? 

The two lists had very little in common!