I understand the new rules regarding the tax deductibility of HELOC interest, but I have a situation that isn't quite so straight forward.

Hello @Jason Chopin - There have been some good multi-family properties listed for sale on the MLS recently in the Triangle, but most are higher in asking price than would work well as a straight investment with resulting positive cash-flow.

Funds can offer a straight percentage return with or without a share of the profits.

There are texts to prove that these requests were not met.My question is simply would people go straight to legal?

I love raw advise LOL  Blunt and straight to the point! 

There really isn't a straight answer because it depends on how you are wired.

Straight sell it?

The regulations are nearly always at that level, so don't assume based on a nearby municipality, go straight to the source.

For sake of discussion, let's say the monthly payment is around $200 ($166 of principal on a straight-line payback and whatever the interest is [the loan is probably fully amortized, so the principal-interest amounts are going to vary each month]).In today's world, $200 a month is not a lot of money when you are making a professional income.

The rent to own has generated more interest than the straight rental.The home value will be right around $78k in value after refinancing.A flat $4000 down payment, the property price increased to $90k(for me being the bank) and it will be on an 15yr am at 10%.