I'd love to see a bigger pockets round table discussing the video Alex Chaustovsky did for Bigger Pockets.  

@Stephen Stokes househacking or Airbnb can work well but trying to buy single family investments is trying to pound a square peg into a round hole

You could always call it a bonus room or office and let the renters do with it as they choose. 

On the buy side, we submitted 6-8 offers and all were involved in highest and best rounds.

Less money spent on supplies, less wear and tear on your place, less money spent on utilities, fewer guest headaches, etc.Bottom line: there’s a LOT of puzzle pieces you have to get right to make this work really well, but once you master it, it can be very rewardingI preferred to invest in the year-round high revenue parts of the US where you can earn a lot of money year-round.

I was trying to think of a way to have the private lender feel invested in the property by owning it in a round about way till he/she is repaid.

The BP Money podcast is much more well-rounded and seems like it would be more helpful to someone in your situation. 

Taking the appraised amount of $27500 and dividing by 752 sq ft rounds to $36.57 per sq ft.

The treasury dept and IRS just released the final set of regulations for the popular 100% bonus depreciation schedule.

Pocatello puts you closer to Jackson Hole (2.5hrs), Big Sky (3.5hrs), and Yellowstone(2.5hrs) which all have great tourist and outdoor recreating opportunities year round.