@Juliet Hawthorn this is a relatively simple no with shades of grey.

The job itself it's pretty simple since i would just have to install a door in order to make it a bedroom.

You could offer her forbearance on $100 of her monthly rent amount with clear stipulations about when that money would come due.I recommend consulting with a broker or attorney to draft up a very simple contract, and staying away from the word "discount" anywhere, even texts/emails with tenant.

Seems to work and get past Dodd frank.If they stop paying I do a simple eviction.I thought I could Also modify this by having multiple 1 year lease options with each successive one subtracting what was paid on the previous one.More work but similar idea.thoughts? 

Simple and straight forward.

I go old school, I network and talk to people, simple but effective.

Keep your ear to the ground, listen for the opportunities.Real estate can be CONTROLLED without money if you're smart enough to apply simple controlling formulas.

Simple to renovate as most of it was upgrading new kitchen bathrooms, paint , floor and fixtures.The value after renovations is around 575k.

Keep in mind, bringing in homes is no simple task, especially in rural areas.

The key here is that these types of questions can almost always be answered with simple math.