The extra work for another 2 to 3% return annually isn't worth it.Be smart with your money.

Smart decision given the other units you already own at the property.  

that's smart Justin I like that.

I know some people who did this.The ones smart enough to figure out this strategy are also usually smart enough to know how to hide their paper assets.  

I did have them sign a formal lease and have a separate work agreement, which is seeming to be smart at this point.      

Great job Lisa, Smart , Good luck on your next deal as well.

I think your mortgage broker sounds like a smart person, but the tolerance of risk is up to you.

You could just build to what you need and then live smart and never have to work again unless you want to.

He doesn't know if it's been done before but suggested I try (for too many reasons to state while typing on my smart phone) before starting the court process.Hence my question: Has anyone on BP been successful at obtaining a Quit Claim Deed from Freddie Mac and/or Fannie Mae?

Either of your ideas are smart, so there is no disadvantage of either.