At least in terms of rent, college students are paying 1100 - 1600 to rent by the room.

If people start walking away from the condo and just stop paying HOA's could go insolvent. 

As for selling with 10% down at 8% interest, you now have two title transfers that violate the due on sale clause and add complications to subject to “safeguards” that reduce risk if note is accelerated, if party in possession doesn’t pay taxes or insurance, and of triggering whatever system the lender has set up to notify them when a deed transfer takes place. 

A trust may offer some of the same benefits as an LLC, depending on your goals, and allowing you to claim the part of the house you live in as homesteaded tax.Make sure you have the right home insurance and consider an umbrella policy for extra protection.Certainly buying a house, using conventional financing with limited money down as a primary residence and renting out parts of the house to help pay the mortgage, is a smart financial move.

Negative cash flow is not something I’d be okay with, but I know there are some instances where people are okay with taking a small hit for a big pay off with the appreciation (and hopes that the rent will go up).

@Tonia EdgestonIf it’s non owner occupied you could get a hard money loan to pay back taxes and repairs but these are short term (typically 6-12 months) then you would need to refinance the propertyYou mention this is also in probate - depending also on other debts etc it all may be for not and you may need to sell to pay off other creditors.

The site is in the unincorporated county.  

The fact that title insurance includes defense expense is a great lesson in why chosing NOT to purchase owners coverage is stupid.Of course if the court doesn't award the easement, the title insurer would likely pay out on the title claim based upon the lack of access.

Welcome to the site @Daryus Cash!

I think I just need to find someone that will loan me what my house is worth and charge me some super high interest rate that I don't mind paying and give me a 3-6month window to buy a new place and sell this one (which have been selling in my area within a week) and payback the loan/interest.