That would open the wall in the kitchen to enable another cabinet but it would at least make the living area seem less consumed by the fireplace and would make it more modern looking which would make your appraisal come out a little better when you refi and would help you get better tenants because it would look more attractive.

If no action is taken on the lien holders behalf call a local tow service and have the car towed.

There are wedges here and there pitching the master program.Second day, from hour 0 is pricing those who "took action" and completed the application the night before.

I think it's pretty good, not too wordy and there's a good call to action plus what amounts to a P.S. and you're not asking for much information. 

So in other words all the hard and time consuming tasks are already done and the property is cash flowing from day one".It is very important you do not just invest on faith, learn the area, the team you intend on working with, really drilling down if the boutique supplier is offering you value for your strategy.

I have done much reading about investing in RE, and I believe it is time I take action.

It's also important to set a timeline for action, otherwise you're liable to turn into a Librarian here;-)

I hope it's not too late to invoke the partner aspect, it allows you to be a lot more demanding in terms of your due diligence, and it allows you to not be the bad guy if you have to turn them down ("I wish I could have helped you but my partner said no and we can't invest any of our money unless we both approve the investment").To your original question, IF you decided to make a loan like this, I would see three options:Unsecured personal loan (weakest/worst/don't do it option)Secured loan - they buy property and you are the lender secured by a mortgage on property (better)Rent-to-own - you buy property and they rent from you with an option to buy (questionable esp w/ family, may be tricky or illegal depending on how structured, etc. and see next point re: owner-occupied)However another aspect is that since this would be an owner-occupied property, there are a ton of consumer protection laws (Dodd-Frank) that apply.

When you need to take any action with the property (ex. refinance, sell, etc) you would just reverse the process and take the property out of the trust and/or LLC back into your name.

The tenant never knew this was the case, but it was clearly an instruction to me that alternative actions would be required should the tenant(s) begin to display problematic behavior.On more than one occasion those particular subtenants asked "what happens if I just walk away" and my response was always "remember, you signed a personal guarantee" never adding anything more and then changing the subject.Thankfully, I never had to engage a significant default with those that evolved into problem tenants (other than really late rents) and was able to resolve any issues through continuous communication with the tenant.