My property is currently my primary residence. 4) Can I even register the property as a rental property when it has some serious code violation issues that might affect the safety of residential use: such as electrical issues, roof restoration, etc.? 

@Chris Seveney yes, I’ve looked at DSCR but the rates are significantly higher than what we currently have.

@Jesse HepburnThis is a tough situation, but I would not be trying to do seller financing with them, and an influx of cash from a sale is most likely not going to be beneficial for them in their current situation.

I currently am in NYC and I know I won't have enough buying power out here.

For example, if someone has a low credit score but a great investment deal, I might suggest finding an Individual Private Lender who cares more about the property than the borrower's financial status.)Differences:Hard Money and Private Money Companies: These usually follow strict rules and have more money to lend because they have many investors.Individuals: They might offer more flexible loan terms since they decide the rules themselves.

currently own a cabin worth about 400k.

Our current lease, based on a template, prohibits subletting, so I’m not fully aware of the pros and cons of this arrangement.

There is really no wiggle room for reconfiguring layout— and not worth simple hardware missing (in my opinion).here is a photo of the current setup.

The biggest mistake many make is purchasing their first property in low barrier markets with poor fundamentals  solely because the real estate is inexpensive and it’s the only place where they can afford to buy.

Partner Driven was interested in the 45th St deal in Birmingham, AL, due to its low purchase price of $40,000 and the potential for a quick, profitable turnaround.