The lender is not required to include this contingent liability as part of the borrower’s recurring monthly debt obligations provided the lender obtains a copy of the applicable loan instrument that shows the borrower’s financial asset as collateral for the loan.

If the property is in your personal name, a plaintiff could go after any of your assets, including anything in your personal name.

Of course, the quickest route, albeit requiring a substantial upfront investment, is to purchase a rental property and start earning rental income.There is a lot to break down, I'd like to help further if you want to reach out.

Since attendees are buying a package that includes the room, all-inclusive access, and conference sessions and events, it’s a bit more complex than in years past!

I am surpised it was not in your original docs, but they can't change terms mid-stream unless you break covenants that would allow them to call the loan...then they can renogotiate or require the payout.

I underwrite a lot of deals for others, including creative deals, such as subto, seller financing..the first of all, you do need to know if that's cahs flow @ 6% under their asking price.

For example, we (myself included), have a pretty strong base of flippers looking for deals they can buy, renovate, and resell. 

Any deductions (including mortgage tax, insurance etc.) added there was split accordingly and corresponding amount was shown under rental deductibles.

There would be no tenants I would have to deal with, only setting up a date for renters to move their stuff in and out.I'm also wondering if it would be a better idea to rent out the entire basement, or break it up into smaller rentals (i.e. a 30x30 space or a bunch of 10x5 spaces etc.)I'm imagining there is a market for people who need to store boxes for a quick move etc., but I can't imagine one person filling the entire basement so that's why I'm considering breaking it up if possible.

Hey @Allan Pan, A lot of times my clients and myself included have a hard time setting realistic expectations, and/or accepting "ideal scenarios" don't exist.