Nobody wants to walk away from responsibilities (I've never been late on a payment), but at times adjustments may be necessary.

I experienced the benefit of that with my first property (by luck, not on purpose!)

I want to create situations that benefit you through our relationship.

I agree with you in that the main benefit would be the costs associated with HML.

Also, you will get the added benefit of mortgage interest write off, tax deductions for 50% of the property expenses, depreciation, and your other tenant will help pay down your mortgage, thus building your equity.All in all, these reasons combined are why a lot of investors get their real estate investing career started by investing in 2-4 unit multi-families.

Just a different biz model.I'm not sure the benefit of sliding money under the table to tenants.

Will this benefit me in getting a approved easier or will the bank not whether or not there is tenants already in place?

Can you help me understand the tax benefits?

I've never dealt with a bank that is fast about anything (other than charging silly fees on my personal accounts), so I wouldn't expect them to jump on your interest in the property regardless of how it would benefit them.The good thing about real estate investing is that there is always another deal around the corner.

You do have to consider cost versus benefit more than ever these days with tuition rising and student loans being nondischargeable debt, but if you're able to get grants, scholarships, etc., it's worth it.