If the actual expenses are lower then all the better for you.Thanks John, I will provide clarification:The property is a 2 unit- a 3/2 house with a 1/1 detached mother in law apartment.

, and were planning on flipping our current house but we've realized that we could almost fully cover our mortgage by AirBNBing our basement (we live near 4 popular ski resorts), so we're building a mother-in-law down there.  

(It was the candidates mother).

You have no security against that.Third, the court could step in and say, that is enough, the child is through college and is a doctor, the mother has a paid for house and car .... whatever.

I'm currently staying in a 1 bedroom, mother-in-law cottage in Florida for a month.  

I wanted to major in music in college, w/ aspirations of becoming a professional musician, but my mother recognized the insufficiency of my talent to do so before I did, so I majored in finance instead.    

It was jointly owned by my mother and grandmother. since my grand mother past away It is now owned buy my mother and me, but legally my mother has the whole thing in her name.

John, did you look into the possibility of adding a garage or mother-in-law apartment?  

So my mother who was born and raised during her early years in some rough mining towns learned to shoot at a very early age and basically became another Annie Oakley with a gun.

I’ve got a 2012 Acura MDX that was my mother’s hand me down when she got a new car with 100k+ miles on it.