Another consideration for a heating alternative in the future would be the Ductless heat pump.

Christopher Stobbart If you agree to the terms, lawyer draws up a promissory note to be signed and recorded at closing with a title company.

I would do my best to keep those tenants long term raise the rent every so often and be sure that the maintenance was done so I could count on this house being a considerable portion of my retirement.

Thank you all for your consideration!

They honored the written agreement.We now take that into consideration for potential tenant.

cleanest way is to have your partner buy it in his company name... since its his money.. he has pof handled.then you simply write a service contract.. he does not pay you .. you can litigate to get paid.he can pay you advanced payments as draws or everyone gets paid off the final hud.. that's how I do it.

If the interest you pay on the loan is being paid to you, it seems there is an effective and totally legal way to contribute more than the yearly max after the interest in taken into consideration. 

Other thoughts or considerations?

I know realtors that actively market to those areas hoping to draw boomers here.

Could probably draw some out of SFA also.