I appreciate that everyone's needs are unique - me included.

You have a very unique product that is going to require you to find the one renter in a hundred that would be looking to pay for that kind of space and yet share a wall with someone and have no garage or yard.Just curious but did you buy that as a rental or was that your residence at one time and you are now renting it out?

In that idea, they really are not in a position to lend and should not do so if the term of the capital use doesn't match the real loan repayment schedule.

In my experience I have found that most violations don't get to court, fines may be levied, orders issued and compliance required.You may be an attorney, if you are you would be in a unique position to defend your actions, most aren't so error on the side of caution is prudent business.There should be case law on the unauthorized practice of RE but I don't know of the specifics if they were dealing in leasing or options."

I've been amazed at how little extra wear & tear there is with that many people in and out of there.Caveat is that we are the only town actually on the entire 470 mile Parkway and we have the only snow skiing south of WV so there are a few unique draws to pull from a huge market area.

I am 24, single, have no kids, and no real financial burdens besides student loans that I will have to repay.Advice I'm looking for:1) Loan repayment: everybody in school with me and my parents keep saying that I should work as much as possible when I get out of school and get my student loans paid off as quickly as possible.

I also believe that is unique to a Seller financed mortgage held in equity.

Barring unique circumstances, there is exactly one way to maximize the return on your property, and that's to fill space.

If the property cash flows $10k per year after all expenses(including repaying the HELOC over 10yrs) is my cash on cash 0% or (10k/55k=) 18%?

I also believe my unique perspective would bring a better informed but compassionate reality to people in distressed situations who can't seem to budge from wanting to keep their home when it's not possible.