All bikes are hot after use so depending on how she parks someone touching the cylinder head it could be an issue but that someone would likely need to be kid sized to naturally reach out at that height. 

Anyway, due to the nature of real estate investing, the "Architect as Hapless Necessary Evil / Nuisance" gains traction in this type of forum. 

Spring seems to be a good area, although it sounds like it already appreciated quite a bit, what are some alternatives? 

Maybe as an alternative it makes more sense signing promissory notes for each person and then just buying the house myself.

@Tony Ortiz Cash Out Refinances for Non-Owners is usually limited to 75% of Appraisal Value...About the best you could do is to get your Mother In Law to do the Cash Out Refinance, assuming she is Owner Occupant...Otherwise this is tough situation...I work with investors that are buying Cash Flow Rental Properties, and I am very clear to them that Equity is a Long Term Play, and in most cases not worth doing a Cash Out Refinance because of the closing costs involved...I help investors focus more on Cash Flow...Your Market could be different...I'm in Chicago...Alternative could be to consider Unsecured Business Lines of Credit, which is personally guaranteed...these are generally connected to a major bank credit card...You only pay interest on the balance that you use...Most of them offer 0% Interest the first year...Just some thoughts...

You may or may not find them as a good alternative to Memphis or Birmingham.  

Unfortunately, I don't recall what the cap is on the reset, but I'm conservative in nature and would gladly give up a little short term cash flow for long term security and piece of mind.

This will depend on whether or not the Borrower has already done this either through their own actions (asking for relief) or through the actions of the Mortgagee or Servicer (contacting the Borrow with alternatives to foreclosure).A FC attorney would have to bring forth concepts to stall or stop the foreclosure.  

Another alternative would be to take the gains and 1031 them into more property in a more advantageous market. 

You have surely paid your dues back to nature.