The main problem with doing this is that you have to have different versions of the lease for it (or draft another document that accomplishes what you are trying to do).

@Grant KeeblerThis is of course the main reason no one wants to invest in the hood.You are the one with some money, you own the house he lives in, and you have recourse to law enforcement.

Doug I have met many mainly when I bought their home at auction because they let their kids borrow against it and blow the money.and of course in my 30 plus years of loaning HM I have seen a bunch of this activity over the years.18 months ago I had a wholesaler contact me ( which is rare because I generally wont talk to them)  but he got through to me and it was a property in Charleston SC were I build.. and the price was right .. but when I did a quick title search I saw that he had recorded a power of attorney for this lady that spelled out that he could sell the house and pay her 100k  and he was offering it to me for 196k.. so I called him on it.. and said hey there.. this lady obviously does not know what she has  the value is in the lot.. so no real up side as is unless you build a new home so for me to buy it at 196 was about market.. 

I started passively investing in multifamily 5 years ago, and it is a phenomenal way to get the benefits of real estate investing without the headaches.

The main chunk of the price for HVAC is running the ductwork. 

Is that the main issue?

Hi, I am moving out of my main residence (single family home) and plan on renting the property out.

I have invested in different parts of the city (Belair-Edison/21213, Morrell Park/21230, Barclay/21218, Upton/21217) and have not yet nailed down my #1 target area, and am seeing the benefits of investing in 100k+ neighborhoods.

This is the main reason to do the refi.

Plus, it lets all these newer concepts & formula marinate in my head as I figure out some key items ... mainly thinking through on what kind of real estate investor I want to be, what kind of portfolio I wish to build, and can I analyse deals properly.