You're going to lose your loan from what I understand.

Myself personally I'm invested in Buffalo and NYC, but that's because it made sense for *me*. 

The person I would seek advice from is a CPA about this. 

My in-laws loaned us the total purchase price minus $5,000 on a 3% interest rate.

When my loan was not going to close, it was one of the options that my broker and lender told me about and actually referred me to for a conversation.

I personally used Jon McGraw in the past and he is extremely knowledgeable in the field. 

I would pull a FHA loan for $665,000 and live in one side and rent the other side out to a family member for $2,000 a month.

Managing five rentals can eat up a ton of time in any given week, often at times that are inconvenient to you and your personal interests (family, hobbies, travel, etc.).Of course you can manage on your own.

The person leaving the trailer there is just to store it there.

@Kris Lou Many factors go into PMC pricing:1) Locality (city/state)2) Neighborhood & Property Class (time to manage Class A < Class B < Class C < Class D)3) Property condition (slumlord properties hard to manage)4) Number of units (some economies of scale, but not as much as owners think)5) Owner expectations (some owners really want a personal assistant!)