My guess is that you actually won't be able to get the loan with that many people on it but that is just a hunch.Regardless, a few things I'd want really organized before going into any type of partnership like that . . . - Get really clear on a 1 year, 3 year, 5 year, 10 year plans - Get really clear on who's responsible for what - Decide EXACTLY how you are going to pay for repairsBuying anything with a group of family members is totally possible to succeed as long as you really prep yourselves on the way in.

Hey Max, you should have plenty of options to use the funds from your home, the All in One loan may actually have the most benefits and flexibility for you. 

My guess is it isn’t a successful change in ownership to avoid reassessment bc you still have a significant interest in the property.

That's just a guess - right now it falls under the same regs as bed and breakfast. 

.: Insulation, or lack thereof.Just ran into this one and it really surprised me, but I guess the transition from floor fan to window air conditioner to central air were all upgrades to a better way of living and that pesky outer wall insulation was an expense that just didnt make any sense back then.Energy efficiency???

@Tony Pellettieri I actually attended my first RE meetup in Charlotte, last week at Hawthorne's Pizza!

So sale may be difficult I guess I have to look at this as not as investment but as a place to live ?

Reconcile the leases with the actual security deposit escrow account to ensure everything is as it should be. 

Do your best to actually get it to the former owner. 

In FL it is DBPR - I actually called them years back thinking we needed a Real Estate Brokers License, but since STR is transient, we can operate with our a RE Broker license for stay under 6 months.