I would be inclined to do it for free if she’s your friend. i would be scared she had no plan to pay for the rehab when she purchased.How much money we we walking about?

My goal: create an interest-free loan which is appealing to a potential homebuyer, yet doesn't make too big of a discount on my end.For example: If I sold my $300,000 house with 20% down ($60,000) over 30 years, at 6.7% interest rate: $1548.67 principal and interest per month1548.67 x 12 x 30 = $557,521.20What I would do would offer a lower monthly payment and no usury, but it would effectively be like a prepayment penalty.Arbitrarily, let's say 20% off the monthly payment, or $309.73 less per month: $1238.94 monthly payment.House would be sold at $446,018.40, which is $111,502.8 less than the total paid with a normal mortgage, but $116,018 more than the market price.

If you would like more information regarding your loan options, feel free to contact me! 

If the numbers makes sense, which likely they will since you inherited the property and there is no mortgage, then renting it out debt free could be a great move right now. 

However with credit card payments they do get hit with a fee unlike ACH payments which are free. 

House hacking is what I did in Columbus, Ohio when I started investing in 2020.Good luck on your journey and feel free to reach out if you ever need any guidance or advice.

An LLC is not free.

Feel free to well wish if nothing else.

They may be living there for free during the foreclosure/eviction process, and you'd still need to cover your expenses on the property out of pocket, and foreclosures can take many months or even years, and the property may come back to you in much worse condition than it is now.

I want to finish my ADU project this year so I can be financially free.