He gave me the property (through a Quit Claim Deed) but his name is still on the mortgage (which I have now taken over payment for).

The same lender said if they could come up with the other 5% they can go 30 year fixed interest only..This is more attractive for cash flow on a higher loan balance but will still be qualified based on the fully amortized rate and payment. 

- Motion trigger activation, and I’d prefer if it would record longer than 30 seconds when triggered - The ability to download and store videos - Real time notification on my phone when camera is triggered - similar to my Ring doorbell I use at my home- Cameras record both video and AUDIO- My ability to talk to people through the cameras would be a bonus - Night vision for outside cameras a bonus- Ability to remotely swivel horizontally - and vertically?

Thank you Anthony for your fantastic content and for posing the question for us to all reflect and think through!

He was a good guy, totally honest, and I bought a few good buys at tax sales after going through his material.  

Granted there is some peace of mind having a tax attorney cpa sift through our financials and dates and lay out for us various plans. 

Just be certain you have the cash flow to cover the HELOC payment as well.

Happy to talk to you more and run through our screening process for tenants more in depth.

As a general development rule, floodplains make good amenity areas so maybe you could sell it to the city or neighboring HOA looking for parking and pickleball courts or similar, or look through the allowed uses in a floodplain per the COSA regulations and see if anything sparks for you.

I ran the numbers and it cash flowed well!