It doesn't matter how old a friendship is, there is a high likelihood they will part ways, especially if they ha e not lived together before or for only a short time.

There are a lot of loan products that can be used to renovate such a building for sale.3) You have no liability.

Your credit, experience and liquidity will determine rates, points, leverage.

Before jumping into products or targets,I would suggest setting up a solid base.For me that means:- LLC/inc. in tax favorable state- 800 FICO / 80 PAYDEX- $100K in untapped personal credit- $100K to a million in EIN/LLC/DUNS untapped creditONLY THEN look around, research the market,and jump when your brain/gut/heart align.Today Zillow dropped 20%, California/NYC offers are down 25%,Australia/China/Canada are down 20-40% depending on the data...Save your hard earned $50K for the right moment with a strong base!

Your accountant takes it off the depreciation role and your schedule E and it becomes your primary residence.  

Liquidating the furnishings and homewares of an entire house seems like a major PITA, so we'd like to make it as painless as possible while still recouping some funds.

Bo  and his team is in a really good product and integrates seamlessly with Carrot.  

Both brands have good professional quality products at quasi retail price.

Does anyone have any incite and a productive way to go about it?

It is a product-based business and I carry between $5K and $8K in inventory at any given time.Recently I have been thinking of selling the business and using the proceeds to dedicate to rental property investing.