Loans accrue interest daily (per diem) based on the end of day balance.

If you’re renting for $1000 a month then the extra $700 more than offsets what equity you would be accruing.

I was reading where i can do a trustee to trustee transfer from my edward jones ira account and turn it into a self-directed ira without being accrued a 10% penalty or tax penalty. 

Maybe when you aren't sure of all the expenses you'll accrue?

Some are structured such that, during the draw period, you only pay the interest that has accrued.

In other words, the appreciation your home has accrued.

The only thing that keeps me hopeful is the fact that I have not accrued any additional debt in the past 2 years after being extremely financially irresponsible in my early 20s.

Given the circumstances, the maximum you can take from this person is the 3 days in August, September rent, and any fees accrued while looking for this new tenant.

My sister has a condo as a second home and her monthly liabilty to the hoa is never the same as they accrue maintenance expenses, you can't run a rental like that like you could for apts. or sfd.

The lender will give them the balance due and the per diem rate (interest to accrue for each day beyond the payoff) and the closing agent will compute the amount to the date of settlement.