Many people do not like that kind of debt, or any debt.

But nonetheless, can you talk more about your legalities of how you make all this official?

I do know he is anti-debt and when it comes to investing, using debt can be to your advantage, so keep that in mind. 

Is that house a legal multifamily or did someone just decide to add rooms?

I know the stove is not allowed for legal purpose, but is the hot plate allowed?

How do I legally tell them we are not moving forward with them and will be refunding their partial deposit?

You also grow your equity through debt pay down each month.

The very concept of a tax inside of an IRA scares a lot of folks off from even thoroughly researching the concept... which is their loss.When an IRA uses debt-financing, the percentage of the income that is derived directly from the IRA capital is fully sheltered. 

My plan is to supplement that with a business focused in helping local people in California get access to the great rental market in Baltimore, either through direct ownership or debt.

Mobile home parks have legal implications so I am steering away from those.