If so, you might be able to find a partner or buyer with cash to pay off the HML, take over and complete the project, or perhaps arrange for someone to buy it outright and make you both reasonably whole.The HML does not want to foreclose.

If it has bowed or sagged, you likely have a load-bearing problem.Also, the gable end of your roof (assuming you have a typical roof arrangement) is a indication of the direction the roof trusses run.

Just brainstorming here but wondering if it would be possible in an arrangement like this (renting from yourself or a home exchange) to expense property taxes, interest, etc (and depreciation) as we have lost most or all tax benefit of mortgage interest and property tax deductions on a primary residence.Regarding accessing equity, I'm referring to selling your home to someone and renting it back from them and using your proceeds to invest elsewhere.

(I'm not a big podcast listener, so I could be mistaken, but unless you want to "move out" every time you have an AirBNBer for your SFR...)Either way, make sure you consider the additional costs involved with AirBNB (furnishing the rental space, paying for utilities) and the time involved in communicating with guests, arranging housekeeping, and so on.  

. :) I am also working on arranging a meetup in ocean county, you can read more about it on the 'Events' section here at Bigger Pockets, or message me for more details.

I do not like the arrangement because clients find it restrictive later as circumstances change.

Lots to be said about converting passive income to active income...the upshot of it all is that the arrangement should be formalized with an entity set up as the management entity which receives management fees from the RE holding entity - in a "reasonable" amount.

Current Expenses: Total is $1,971/ month (this includes on site manager rent, water/sewer, property taxes, property insurance, two trash containers, common area lighting, and an averaged maintenance expense; this does NOT include loan payments if property were to be mortgaged as I will have to do it) Asking price is $750,000Please note that not having yet viewed the occupied units is not due to laziness or lack of due diligence; but rather it has not yet been arranged and I do know that cost will have to be calculated into my expenses.

Based on your income and living arrangements you should be saving a minimum of 50% of you income.

I expect we would arrange a business relationship where both us are benefit from it.Let me know if anyone out is interested.