It sounds like the house would be in his name; I'm not sure what type of recourse you would have. 

Depending on different factors, primarily lot size and location, we have even been paying $1m+ for houses to tear down in Seattle and $2m+ in the Eastside . 

Yesterday I just got with the sellers of this 4 bed, 2 bath house in Kilgore, Texas (close to Tyler) and I am looking at selling it to a cash investor to make a potential profit.

IDK, I said, but I can tell you that most of them barely qualified for the mortgage when they bought the house.

It's like buying a house and wanting to throw in a jet boat and 'bundle' it. 

I have done mid term rentals for years, and mostly by the room (similar to you renting out different parts of your house).

MORE PICS TO COMEI had my eye on this house for a while.

When I originally did permitting on the main house I thought I did it for the detached garage but I didn’t.

There is a genuine housing shortage of all kinds on the coast, long term rentals included.

By talking more to the police, we found out that the main tenant had a long history of inviting guests in exchange for help around the house and that those relations would always turn tumultuous and that the police visited the house several times each quarter over civil complaints, suspicious activity, noise, drug related activity, and a bunch of other civil nuisance type of calls.