If not, cut your losses, sell the home and learn from your first investment. 

Up until now we have been using Evolve vacation rental to “manage” our properties and to cut a long story short, we are ready to take it on ourselves in order to scale our business.

Tax Policy: Proposed revision of high-income tax cuts to fund housing programs and economic stability initiatives4.

I have worked with many lenders that will give you the run around, ask for more items, with no clear cut guidelines. 

I concur with Jay: it's all in the discount and $100k doesn't cut it.My 2 cents,Mike

Don't cut the corner on this one to save money.

That way since there is a connection to the basement there is not issue with you crashing down there.If you don't want to do something like that, I would cut the basement off from the first floor and just rent the first floor, leaving you the basement to crash in when you want.Or see about getting the basement made into it's own separate unit now that ADU are allowed in Mass (although the law may not kick in until the new year)Also your town may now require a certificate of occupancy to be issued before you can rent it out and they may have something to say about this basement connection anyway.Just my two cents as they say.

Quote from @Joe Yobaccio: @Chris Seveney I am trying a simpler version of a loan partial, but want to keep my name on the note and Colllaterlize it for safety of a lender and would like some feedback on the terms. 

@Jim Witten  I think his concern may be that he could get cut out of the deal if you don't sign a listing agreement with him.I probably wouldn't sign the agreement, but I would sign a letter saying I agree to pay him x% if his client buys my property.Regardless, I wouldn't let this opportunity slip by without checking it out first.

Ok so the next update on the 1522 Latham 38106 project.After a series of storms rolled through the area, the grass was not cut in a timely fashion.