I don't know anyone there personally doing it like we do, but it's something to consider.The other option, of course, is to just try and bump up your expected monthly cost from 10% to something like 12% - 15%.

You can not 1031 exchange a personal residence.

Tell them it is clear that they are struggling to pay the rent and need to find another place to live. 

If your income is strong and taxes are accurately reported, you have a shot. 90% of investors write off more than they make so this upside down calculation is what causes the average person to qualify for HELOCs.

Usually the person in charge of marketing will do this for you and will add you to a mailing list.

Your friends might not want or need this, but if you go to an institutional lender, this is what they'll ask for...GUARANTOR APPLICATION: Each owner of the Borrowing Entity will need to complete some sort of application on themselves personally.

She had 10 year lease before and I renewed on with her with only a minor increase because she was struggling to get by.

Someone familiar with your city will respond, where as the Starting Out forum has a slim chance of catching the eye of the right person.

I could see this being useful in a BRRRR scenario, but in that case you could be looking at a much longer term loan than 30-60 days, especially given supply chain issues and the uncertainty of the person being able to qualify for the cash out loan as rates continue to climb.

So my thought on this is that I wouldn’t (personal preference) engage in a subject to transaction with anyone other than an experienced investor on the other side of the transaction.