Someone will lend at a 33% LTV.All of this said, it sounds like the Trustee would actually like to say invested somehow.Option 2, put the house in a trust or LLC and let the rent be divided amongst the grandchildren:-All grandchildren remain owners of the property and the monthly income of $1,500(minus expenses) is split amongst the 6 grandchildren.I will warn that option 2 is more likely to result in long-term drama and likely some anamosity among the family members. 

Here you were eager to comment negatively on something you apparently don't know anything about but completely uninterested in actually learning about it.

I understand that notes is a business best learned by doing, but I am trying to lay a good foundation of knowledge as a starting point.To date, I have read these books:"Invest like a Bank" by Beaux Blast" Little Green Book of Note Investing" by Fred Moskowitz"Real Estate Note Investing" by Dave Van Horn"Note Investing Made Easier" by Martin Saenz"Invest in Debt" by Jimmy Napier"Profiting from Non-performing Mortgage Notes" by Amed HazelI welcome any thoughts or recommendations that the group may have.   

For example, if you are pulling data for pre-foreclosures then directly web scraping the county foreclosure website will be as up-to-date as you can get.You can use sites like Browse AI to set up a scraper without code and have data written to a spreadsheet.

The pitfalls of these kind of scenarios is generally proving to the IRS that the payment was for actual work done.

With your experience, and especially the savings on redoing the sewer line at cost, this actually looks like it has legs.

I haven't totally figured out the usefulness of a recast but I actually heard of it for the first time a few weeks ago...The other thing - I don't see a huge benefit in paying off a house early...with higher rates - ok maybe.

I gave everyone a two month date for the increase and only had one tenant move out during that time.

And of course, you don’t qualify for the full 121 primary cap gains exclusion….from your numbers, 5/18’s (about 28%) of your gain is exempt under the 121 exclusion since you had Non Qualified use for 13 of those 18 years.This doesn’t consider whatever time, if any, you actually lived in it between 2011 and 2018

Add that to the DP (20%), which actually means divide the maximum loan by 80%, and you have your maximum offer.I don't negotiate.