@Greg Hall yes they foreclosed on a current loan and sat on it playing their usual lender foreclosure games for close to 2 years and sold it for $25 grand less than was owed on it at the time..

Unless you want to drop over a hundred grand to establish some case law on it, do the expedient thing and change your tag.

I only lost a few grand on the deal.

As far as the banks financing a hotel condo, let me know and I'll get you a couple of options.Delton Grand?

I'd want a really big deposit, like ten grand.  

For example in Cleveland, Ohio (which I believe to be relatively landlord friendly in the grand scheme of things) we also have to mail interest payments to tenants.

A survey was done on the property prior to closing.The reduction in value of the property without the guest house is ~50k-75k.The deal and project is a grand slam with the guest house.

If it’s a hundred grand you can easily buy a property with him in first position.

If it is Grand Rapids, the tenant will most likely prevail--if they sue you after the fact.) 

The problem I've encountered is that my very first tenant has decided to take care of her 5 grand children Monday thru Friday from 5 am to whatever time the mother can pick them up.