If this is a bad deal because of $1,500/yr in interest run away and have your family sell the property. 

After arrival they're disappointed to find it's not a private bedroom, which leads to disgruntled guests that search for way to get a refund and leave bad reviews.

Selling off underperforming assets to pay down debt and rebuild your financial foundation might give you the breathing room to reset.

Mak, Doesn't seem like a bad rate.

That sounds pretty straightforward and we've got something similar here too and it's not bad. 

If you are a wine drinker like me it's been great - I remember how bad all cheap wine used to be - but I can see a big difference in the popularity from 20 years ago.  2 buck chuck !!! 

I'm not a tax expert and dont know how this would conflict with the tax deferred basis, but if doable, this isnt a bad option, either. 

I would pass on this deal given the red flags you share (and the fact you feel there are red flags is generally a bad sign).

The real estate market can be characterized by 4 phases. Here I will breakdown each stage in the attempts to help us all become more savy investors. 

Phase #1 - Recovery 
- characterized by high vacancy rates a...

I've had a couple of bad actors, but all in all I've had good experiences and continue to provide this type of housing.