What you mean is the property is in flood zone X (least likely to flood, flood insurance not required).My concerns are:1.

I know imputed interest was a question of concern in the beginning too.

Before we could post a 3-day notice to quit with cause, he paid partial rent for June.Can we still go ahead with the 3 day notice to quit with cause for subletting, having a dog and changing the locks even though we accepted partial rent? 

However, my concern is since most residents drive to neighboring towns what will happen in an economic down turn?

We already have an Attorney in place, but I seem to be the only one concerned about how things should be written up or addressed.

Our concern is just a sue happy society and visibility to multiple ownership.  

If they have experience doing this would be my primary concern. 

I'm concerned about the spotty credit and late payments on the wife's part. 

I have "I would guess" 50k equity in  my house probably closer to 70k here is my concerns that maybe some of you much more advanced people could help me with please. my first fear is I have my normal mortgage and IF I take the equity out basically it creates a second mortgage with a HELOC and using that to get my rental property...

Driving in the snow in the winter is the biggest draw back as far as I'm concerned.