Not only should the rent from the main house cover the majority if not all of the rent, so you could live for free, but then when you move you can rent out the guesthouse that you were staying in also and have a Cash flowing duplex.

I will offer to help them any reasonable way I can like helping with their kids fundraising events,attending and sponsoring their charity event and sports teams,and just be apart of their lives to stay at the top of their minds when someone they know needs a Realtor to handle their real estate needs.

This allows us to stay within a reasonable budget while also gaining experience to move on to larger projects while also continuing to pay down debt.

I have the flexibility with my schedule working 10 shifts a month to go back and forth out of state to stay involved. 

I have the flexibility with my schedule working 10 shifts a month to go back and forth out of state to stay involved.

@Hector Ortiz, the "missing cream" is that if you want to refinance it (or sell it), it WON'T appraise at (hardly) more than they've already made you pay, which means whatever money you put into the deal, stays in the deal. 

I'd like to do some renovating in one unit specifically - should we just terminate and get on with it or issue a 12-mo lease with higher rents and give them the option to stay?

Every Landlords Tax Deduction Guide.

I'd like to do some renovating in one unit specifically - should we just terminate and get on with it or issue a 12-mo lease with higher rents and give them the option to stay?

Unfortunately, the disaster relief usually isn't enough to put the house back into the same shape as it was before.After Sandy, many homeowners stayed in their homes or stayed in hotels and kept their homes while waiting for relief funds.