There is no easy way to sell part of the house to rebalance.

Hewitt-I can relate, however what you are contemplating is no easy task.

You want your rental to be indestructable and cheap and easy to fix up when the tenants destroy it anyway.

I'm going to be very disappointed if its "easy" and follows the shortcomings of public education - ie: watered down and dumbified.

If your going to rent it even worse you renter will not be happy living above what seems like a toxic chemical dump. they ll call the health department and boy your troubles are just starting now you don't want them finding a hazardous wasteland under the house get in there now while its easy to access plus it will just build up and you ll have rats the size of small dogs under your house and it can cause foundation problems. your better of not selling this problem to someone else you may end up in court if they see chemicals they ll know you knew about it sometimes(most times) there is no shortcut you ll have to rework your budget to accept this.

The labor was extensive nothing was easy and it was stressful.

Not familiar with all the other laws of mortgages as if a investment residence except the community is easy to rent in North carolina, but not sure on an investment laws of mortgages?

If you do pay down the loan each month the equity is largely trapped so not easy to access if you really need it.John Corey

While even these "star" markets will be working their way through a period of price adjustments or a lengthier listing period at least their core fundamentals are sound.Those home owners who are unable to pay their upwards adjusted mortgage payments and who have not been able to re-negotiate their loan terms with their Note holders will assuredly become "tomorrow's renters".It's already started in many areas... rental availabilities are rapidly shrinking = a strong potential for investors willing to build SFRS for rental or for "sale" under Lease with Option to Purchase contracts, 2-4 unit multi-family and new apartment complexes.In Myrtle Beach and parts of Charleston (SC) developers of recently completed condos are now replacing unresponded to FOR SALE signs with "Lease with Option to Buy" signs and are now actually seeing evidence that strategy is WORKING.Savvy real estate investors are targeting "spec" builders with unsold inventory that has become a "money drain" in terms of interest carry and are buying SFRs for 10% - 20% below actual cost to complete.

You want an easy way to stay in touch and to reach down into your network when you need to contact someone specific.