The property is pier and beamSo here is the text message conversation about the plumbing issue :House Closing Date : October 8th 2017His message on October 18th :"During the plumbing test we discovered that your plumber did not vent all of the areas we discussed on amendment the sewer line is full of water.

They would be paying tax on interest they aren't actually collecting.I would strongly recommend you and the grandparents have a discussion with an accountant before doing anything.

@Brad JacobsonIf you obtain income for referral - you will be issued a 1099.The net income(gross after expenses) will be subject to federal tax, state taxes and self-employment taxes.Expenses that are deductible are ordinary and necessary expenses required to obtain new recruits.Renatus may issue some tax and legal strategies...but I am sure those are the same items that you can obtain here on BP for free.

Please feel free to reach out to me directly with any questions you may have or to discuss some of our market properties. 

I'll post how it goes...looking to discuss deed of trust with them.

If you have sufficient equity, why don’t you simply obtain a home equity line of credit?  

This forum from 2 years ago seems to be discussing the same topic: https://www.biggerpockets.com/forums/49/topics/272...Looks like it's local banks allowing you to leverage cash if you meet certain net worth hurdles.

Anyone know where we can obtain all the forms we need without having to pay $$ for them? 

PM me if you want to discuss.

:) Feel free to discuss what you are doing on this post as well.