Not adding any additional living space, just dividing the two units, putting a kitchen in one of them, and probably not having to add a bathroom to either unit.  

You have a property, that's awesome.

Sales agents typically don't have a lot of experience screening applications.

This is what I think I know:- The borrower can choose to pay off the note at any time (by selling the property or just paying off the loan with other funds), so it is important that the legal balance covers my investment and some profit- The borrower could file bankruptcy (can someone confirm that this will only cause delay, but not jeopardize ultimately collecting the legal balance of the note)- Most of these DOTs will have a rent assignment clause, so I could try to enforce that and collect rents from tenants (essentially manage the property) while I am holding the note and trying to foreclose.

Income alone is not a determining factor, as any truly Good co-signer will have a lot of assets...perhaps paid off home, 100K or more in cash equivalents, they may even actually be retired.

You have some unique advantageous Tyler.

@Rafal Soltysek hi I have 4 str in Edinburg and apartments in pharr and in Edinburg.

Lawyers and CPAs will recommend these things because they make money off you.

I'll definitely look into these things.

Owning 75% of a home with no money out of picket is much better than owning 0% of a property :)