I'd be willing to move into the property if it meant I was there rent free, which I would make sure of.

**I am not a licensed broker, I meant agent**

I just meant that when you pay down your mortgage, you are effectively earning your mortgage rate (4.375%) risk free and tax-free.  

that's a good point  @Chris Boyd I was just talking to her and she kept using "partnership" and I wasn't really sure exactly what she meant.

Could you elaborate what you meant by me potentially taking over payments?

@Tajinder Kandola the TransUnion SmartMove product is a popular one on BP as it has credit, criminal, and eviction history and you can elect to have the applicant pay the screening fee directly to TransUnion if you prefer

Brownstones had been bought renovated and sold for years Most are well over a million dollars and had at least that much work put into them If you can find one below market and  purchase and renovate you stand to make a lot of money But you must have the means to do such a deal and the ability to afford the long process of fixing and selling these units .The holding costs on these pricey renovations can quickly send you to the poor house.This type of endeavor is meant for a well financed investor with large cash reserves  

yeah, that's what I meant!

This is meant to be contrasted with certain loans in years past that could be assumed merely by paying an assumption fee and notifying the lender of the new owner.But is the term "nonassumable" accurate?

Investing in loans prior to 2007 meant making loans more often through capitalizing them in origination or being the originating firm/entity.