This means that you are going to pay leasing fees more often and you’ll generally have more downtime since it usually takes longer to rent an apartment out than a full house in my experience. 

His lease ended on January 31, 2024 and he is now on the month to month from the original lease.

Originally purchased as my primary residence, using my VA loan.

Open to developing the land myself, but in most cases that would require finding a partner, so I'm prioritizing zero-to-low cost options.Recent fee appraisal puts value around $140k.

If that doesn't cover the principal balance plus all accrued interest, exit fees, yield maintenance, prepayment penalties, default interest, advances made for unpaid property taxes and insurance (even forced placed insurance), advances on senior loans, foreclosure costs/fees, toxic waste cleanup, costs of resale, the list goes on and on...the lender can sue each and every one of you for the entire unpaid amount.The way this would likely play out, should the lender elect to enforce the personal guarantee, is they would file suit naming each partner as a defendant. 

Again, I go back to my original statement, if you've got to ask, you need one.

You might also need to budget for property management fees, insurance, and utilities if you're renting out part of your home.

It’s a $495 flat fee plus $100 for e o insurance.

They stated that commissions and fees, as long as they are in line with state and local laws and are reasonable, wouldn't be treated as interested party contributions.

Their wholesale fees are high because people pay.