Maybe a more cunning way to move forward would be to own a motel, maybe with a very experienced motel business partner.Or maybe a Pool Hall, or an LP in a new waterpark, or something like that.I've seen hard times crush men, and I've seen hard times make men refused to be crushed and come back X a ton.It's all in the mind and the will to keep fighting.Many in here have given possible ways forward.It would seem wise to focus on building up a pile of cash again.Talk to your tax consultant about the specifics of your situation too.....Good Luck!

He has city approval and the plans drawn up and he is in the process of getting bids for the work. 

Currently, our rates start at 6.5%, specifically for your scenario above.

I'd also find a real estate agent who knows the house hacking strategy or has house hacked themselves if you plan on using an agent. 

I rent a unit as long term but I thought the building itself would be a great plan.

Due to rate increases, I was not planning to refi after this rehab so the challenge is not a problem in this instance.In addition, non-commercial residential in my market has shown no decline and is up significantly YOY.  

To my point, that is a very specific type of investing, and obviously the worst of it is being shown for entertainment. 

HUD doesn't have the ability to implement rent control anywhere other than government owned or specific government financed housing.

I don't really have enough information from you to give you very specific advice, but I can say that if there is any room in the rent, it's probably only a couple of dollars PSF which isn't going to drastically change your overall monthly nut to crack.

The plan of distribution—the larger the audience to whom the promissory note opportunity is offered, the more likely it is to be found a security.3.