so i am wonderingmy grandmother has a reverse mortgage she is going to be giving the house back to the bank in two or three months. it has the original furnace from the 1960's in it and it died so she needs a furnace but she can not afford the furnaceshe owes way more then the house is worthif i buy a new furnace and have it installed will i be able to take it back when she give the house to the bank?

I hope it's not too late to invoke the partner aspect, it allows you to be a lot more demanding in terms of your due diligence, and it allows you to not be the bad guy if you have to turn them down ("I wish I could have helped you but my partner said no and we can't invest any of our money unless we both approve the investment").To your original question, IF you decided to make a loan like this, I would see three options:Unsecured personal loan (weakest/worst/don't do it option)Secured loan - they buy property and you are the lender secured by a mortgage on property (better)Rent-to-own - you buy property and they rent from you with an option to buy (questionable esp w/ family, may be tricky or illegal depending on how structured, etc. and see next point re: owner-occupied)However another aspect is that since this would be an owner-occupied property, there are a ton of consumer protection laws (Dodd-Frank) that apply.

If marijuana makes you a "druggie" then our past three presidents and three states in the West have some explaining to do. 

Three of them are at night once a month and one of them meets at the lunch hour once a week so you have your choice of one that works best for you.. or like many of the members attend ALL of them! 

We have been working with the issue for three weeks to find out if it is a slab leak, or something else in the wall between the bathroom and living room are the cause. 

PMI hurts but we are still postive cashflow with only two of the three units rented out.

I am currently doing research on three properties up for sale by Haywood County.  

In six months or so I can request to raise my credit limit from all three bank cards.  

This kind of thinking is emotionally based and does not take into account affordability, price/rent ratio, net present value or other rational factors.Per The Economist, "If you take the 24 years covered by the US data and divide them into three, then the average house price gain when real rates were high was greater (at 2.25%) than when real rates were low (1.7%)".So how does this play out in a long term negative interest rate environment?

Buy a quad, take advantage of 3.5% loan, live in one apt, and rent out the other three.