I am a broker as well, so unless the deal is off market, the seller is usually paying sometime of a commission.

They would have to pay a commission if they sold w/ a realtor.b.

He’s working adult care financing for a client here in Oregon.

If so, would they be willing to pay that much and not use a realtor?

It’s also helpful to pay attention to the public records of similarly constructed housing in Miami.

At least in terms of rent, college students are paying 1100 - 1600 to rent by the room.

You can get a credit union to do a drive by appraisal for a HELOC and the brokers can tell you prior what it will appraise for and you probably dont have to pay for the appraisal. 

As for selling with 10% down at 8% interest, you now have two title transfers that violate the due on sale clause and add complications to subject to “safeguards” that reduce risk if note is accelerated, if party in possession doesn’t pay taxes or insurance, and of triggering whatever system the lender has set up to notify them when a deed transfer takes place. 

@Baird King - I had a client in a similar situation recently find success with Obie!

A trust may offer some of the same benefits as an LLC, depending on your goals, and allowing you to claim the part of the house you live in as homesteaded tax.Make sure you have the right home insurance and consider an umbrella policy for extra protection.Certainly buying a house, using conventional financing with limited money down as a primary residence and renting out parts of the house to help pay the mortgage, is a smart financial move.