Yes, it's the foreclosure on those liens that gives the ownership interest to the buyer; buying the liens from the HOA just gives you the rights to pursue the foreclosure (and the associated expenses of that).

I just am unclear if he has an allowable right to plow over the area and plant grass on about another 1/2 acre of my property that I will then have to have my yard crew maintain at my expense. 

In the past, RentingFamilyMember has filed Schedule E and apportioned expenses by rental percentage, including mortgage interest and real estate taxes between Schedule E and Schedule A.

Personally, I'd prefer to use that money payment on a fix and flip, or for marketing expenses to find that next deal.So here's what my wife and I did.

The question I have is when Customizing your estimate on expenses in AirDNA.

Treat it like an investment, not just where your FIL lives, and keep the expenses separate.

We chose HELOC instead of refi because we didn't want the rates to change (we got the first property during those golden days of 3% interest).I just recommend making sure the HELOC payment makes sense from a numbers perspective—consider the interest as another "expense" when you're calculating cash flow.

Our pricing strategy covers the fee as just another operating expense.

3 months expenses?

In other good news, your interest expense will go down every year and hopefully your rent will go up every year.