This will allow you to remove the person and do the financing on your own.Home Equity Loan/Line of Credit: Since you're looking to access equity, a home equity loan or line of credit (HELOC) can be a good option.

Quote from @Rou Odab: Some of these things would come up on a home inspection, but since we are past that I would do a couple of things.

(Property Meld for one)--- Owners often think a PMC can just enter a tenant's home to make repairs, but don't really understand the potential legal issues of entering when a tenant is not home.--- Owners don't understand the percentage of maintenance appointments tenants miss!

The land banker, the long term landlord, the neighbor that wants to expand their home, or the horse owning owner occupant with no other options?  

I run Forged Home Buyers, a San Antonio wholesaling business, and my business partner is an agent with Virtus Realty. 

- What metrics do you use to measure "good"Ex "Hi I'm looking to buy a single family home in Richmond TX in the $150-200k price range.

@Scott VaethIf you live in part of the home and rent out rooms, you might be able to keep the lower 4% owner-occupied rate.Instead of a long-term rental that barely covers half the mortgage, could you do a rent-by-the-room model or target traveling professionals to increase cash flow?

Every home has a story.

It might make the most sense to just sell your primary residence and use it as 40% to 50% down payment on your future home. 

I purchased a residential lot that after being surveyed can have two homes placed on it.