The property is gated so many rent out all 12 bedrooms and bathrooms for parties, retreats, anniversaries, team meetings and special celebrations.It's private and perfect for those who want privacy when they need it and company when they want it.It has appreciated and is now worth at least 3 million and we are looking for funding to refinance and share the profits with our investors.

It’s crucial to negotiate terms that benefit both parties, involve a trusted attorney and title company, and conduct thorough inspections and market research to ensure a solid deal.Good luck!

Perhaps a nice 1950's built bungalow.Always hire a 3rd party property inspector to give you an unbiased feel for the home.

Are the other parties to the agreement the property owner sharing the well and maybe an HOA?

Carry appropriate insurance (property, general liability and make sure you are listed as additional insured under tenant's renters policy and 3rd party vendors).

The tenants threw a party and neighbors called it in and now he is dealing with the City on how to address this.What we think should and shouldn't be enforceable isn't relevant.

Example - 10-20 hours this year managing your local rental vs 30 hours this year learning about other markets and finding third parties you can trust.

Not just location, but different states can have different (sometimes weird) rules like here in Texas where you need a manual third party "attorney review' on every loan doc set - adds about $100 to each doc cost that doesn't apply in most states

If you do a proper foreclosure and notify all parties a tax foreclosure can clear up an otherwise scrambled title. 

The hard part is actually remaining disciplined to manage that emotion and not losing that conviction when it does get ugly.