Unfortunately, over the 11 months he has lived there, he has only managed to pay the rent on time once.

If it were sold through normal real estate brokerage firms, we would have to pay 6% commission, therefore I deducted 6% from the appraised value to arrive at an adjusted value  of $436,160.   

I also received no scholarship or financial aid, and would be paying the full tuition each year. 

The rates for a purchase money loan (one where you take the loan out to directly acquire the property) vs when you do a "cash out refinance", which your loan would be if you chose to pay off the line with a loan on the primary residence, it typically done at a higher rate.

They’ll determine best route in how to essentially to pay the least amount in capital gains, should we sell, 1031, invest etc. being attorneys they can do a little more than CPA’s my research says. 

@Tejani Jeet BhaveshThe debt does not go away it is just unsecuredIf you are a borrower and get foreclosed on if the debt is not paid off it does not go away - it is just unsecuredOnly way for it to go away would be pay it off or bankruptcyYou are seeing a lot of articles on zombie loans where people lost homes or kept homes but were underwater and old mortgage lenders are coming back after them as the debt is still valid and they thought it went away

Paying 30% would not be a problem, as long as I can invest leveraging the high score. 

As a real estate agent and an investor, I am on the market daily and explore opportunities for myself and my clients.

fast forward to 2000s my mom asked me to pay the property taxes so Ive been paying it since then.  

I find it beneficial to communicate my screening criteria to potential clients before they arrange a viewing or submit an application.It is useful to directly verify information with employers and landlords.Make sure to follow both your state regulations and the Fair Housing Act.