Also, for the foreseeable future, my assistant would be living on the second floor and managing the day to day of the Airbnb.

There’s also plenty of rental assistance funds available right now and we’ll point our residents in that direction to help keep them in the property.

It can be done, be patient, and use the law to assist you.

If you are looking at distressed houses that need rehab, and use the GRM of a house that also needed renovation, it is hard to get an accurate picture, since the sale price reflected some scope of renovation that may not be comparable to the house you are showing.

1) Create a new term sheet that splits up the equity between yourself and your partner in accordance with their percentage of ownership. 2) Decide who will get what type of financing - if one person wants fixed rate financing while another prefers adjustable-rate financing, it's best not to mix them together because they have different risks associated with them; 3) If there are multiple investors, make sure everyone has an updated agreement reflecting the changes in ownership percentages; 4 ) Have a conversation with the person who is going to be taking over the loan and make sure they understand what type of loan they can afford to take on.

As a result, he's saying he can't use any income from these properties, because it's not reflected in my tax return.

I once hired a tenant who lost his job for 2 months as my assistant.

I was also thinking about getting some down payment assistance as well. 

The property manager failed to report on the declining micro-market changes where the property was located and so the sales price reflected that reality.  

@Jessica Schenk I can’t be of too much assistance, as I’m equally as brand new, and also looking in the C.