Securing those local bank relationships was a major victory.Based on that previous experience I tried something different this time around.

That would be the cleanest way to handle this and not mess with any of the wrap idea.Terms of the debt are only found in the Note, there are no debt terms in the Mortgage, Deed of Trust or Security Deed ("security instrument").

They don't matter much as long as you still have cash flow, equity build, inflation security, and appreciation.

Granted it won't keep things at a balmy 72 degrees, but where your winters typically average between 20 to -25, a mid 50's internal home temperature sure makes a difference.

Granted, an investor with the means to purchase will be incredibly successful following your advice.

Legal fees.Accounting fees.Lost rent due to a lengthy eviction.Tenant damage above the security deposit.Utilities, at least when its vacant.Capital items (e.g., appliances, carpets, furnaces, roofs, etc.)Speaking of carpets, new carpets every 3-5 years.Property management.Make ready costs.

Fake property manager hired a cheap hand (again, no professional certification, no social security number), who did some work but cost damage to the property.

Does anyone have any experience with obtaining a grant to renovate a building?

Then add a good umbrella policy for added security.

Grant,Might want to try @Charles Perkins , he is active here on BP.