If the house is priced correctly the one unit can generate enough revenue to cover the overhead and still have positive cash flow.

.), the zoning laws, rent controls, etc. are all generating upwards pressure on the rents by chocking off supply.Hopefully this proposition doesn't pass. 

@Alex Shaughnessy my strategy is to find investors such as realtors, private lenders, and a real estate attorney to build a great relationship in order to find and close on great properties that can generate great cash flow and equity.

I would even say 4 people: two from the US and two more from the country where the development is taking place.International taxation is not only very complicated, it is usually specific to the country where the income is generated.

I would be inclined to keep renting to them, but have several inspections per year to make sure things are getting worse and try to get them to clean up their act some and address the extra cat.You could make it a requirement that they clean up their mess (or at least organize it) before you will renew their lease.

Although the bill will still be in our company's name, and we will pay it, just with the "extra" money generated from that new statement.

Keep in mind you will have cleaning fees in your expense column, but those should also be included in your income column in addition to your nightly rate. 

The IRS example is for people using the HELOC to pay for non-income producing activities.The theory is that generating income typically generates more tax revenue for the government.

The house has been in my family for several generations some my property tax is low. 

You don't need to worry too much about that.Benefits of assigning: You get your fee and walk away, Super easy and clean for youBenefits of double close: Your investor will never know what you are actually making on the deal