Chances are that it is of an age where any alterations you make to the property will force you to upgrade it.

IMO, cash flow is a good way to invest in real estate because in the long term the property has a chance to appreciate, but we are not counting on that, but during the time you own the property you will be able to collect a 'dividend'.  

Then maybe you will have a 2% chance of changing the zoning.

There is a chance that the $120k house was a true outlier.

The legislation doesn’t make it sound like licensed agents would have any more of a right to market equitable interest than the average joe unlicensed investor.

In the off-chance you ever get sued, an attorney would have a field day with your commingling of funds.

In other words, there is no chance your monthly mortgage payment is $329.

I would like to have your reference when you get a chance.  

If this money is important to you stay in your local market - if you have money to burn/take a chance on.... roll the dice

Kier,Thank you for the information you provided recently regarding equitable interest.Guidance the Department received from the Virginia Office of the Attorney General indicated that equitable ownership exists if there are no further terms or options to be met or exercised by the individual attempting to acquire the subject property within the contract.