(This requirement may be waived under certain special circumstances constituting good cause for a waiver, such as the loan being issued because of a bona fide emergency, with the lender obtaining written consent from the buyer to proceed with the loan without the disclosure notice.)The closing on a home equity loan must occur at a permanent office of the lender, at a title company, or at the offices of a lawyer.After the closing occurs, the borrower has a three day period during which the borrower may cancel the loan without having to pay any charge or penalty.

How long of a period is this P/L covering (typically a month, quarter, or year.)

Would love to connect and see your buy box and add value to you by bringing good projects in that area or anywhere else you have in mind.

MTR may require a furnished room, while long-term doesn't.

Good luck on your journey!

As long as one of the owners is local and can handle things, I wouldn't get a PM. 

Welcome aboard Darrell and good luck investing!

I worked hard for my capital in these deals and expect to get it back on deals that were pretty good. 

The biggest thing you will miss out on is leverage/diversifacation plus mortgage interest deduction but as far as actual benefits outside of the above 1st time home buyer down payment assistance (many of the programs have fine print that often makes less of a good deal than just free money) no not really. 

You have a VERY GOOD tenant who is trying to follow the lease and ask permission.