But the reality is most people rent these spaces, a lot of homeowners depend on this income. 

I am close to the owner so I can discuss options.These are details and some rough numbers: - Location: Vienna , VA - No mortgage on house (free and clear)- Purchased year: Around 1980- Purchased price: around $50,000- Type: 3 bed - 2 1/2 bath single family- Market price: $920K (not appraised yet but numbers from Zillow)- Market rent : $3,400/mo (from BP Rent estimator)- Insurance $2,000 /yr- Taxes $9,300 /yr- Management $3,260/yr (I do not want to manage )- Repairs: TBDThe numbers do not work with conventional financing (20% down, 7% interest, 30 yr) so I want to think of creative financing ways.

Up to 80% if FICO is over 780, no appraisal under $250k value.First Republic - CAFremont Bank- CAFrost Bank - TXFulton Bank, PA, NJGFA Federal Credit Union 10 yr draw, 10 yr repay, MA, NHGranite State CUNH 90-100%Great Lakes Credit UnionChicago area ILGTE FinancialTampa, Sarasota area FL w 2 yrs tax history on propertyHanscom FCU, TXHSBC 70%, for premier clients only.

Due to the increased taxes that have been put in place.

I've basically paid the mortgage on this property for a year with no rental income and a ton of expenses.The other properties had their own set of issues (the IN tenants trashed the property) but this KS property was so stressful, a headache, a hassle, such a financial loss, and I've just felt lied to the whole time I want to sell all of them and get away from it.The IN house has been on the market for 76 days (since this is the first property ready to sell, KS prop.

Your loan may be dependent on the income you are getting from the other side.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Think about location, state of the property, and tax perks.

Build experience and adjust.Some hosts use cleaning fees as a source of income.

The reason for the lengthy time is he has given me the impression he relies on this income to sustain he and his wife.