Originally posted by John Thedford:For you tax guys, how about the possibility of doing a life estate unless that parent doesn't wish to reside in the property until their death?

John Yanko Have you bought about an out of state CPA that understands the area of taxes that you are looking for help with.

@Hunter Preston, I prefer to just pay interest, or, pay back quicker.

@Charlie John,I like your ideas of structuring owner finance for properties. 

I don't have any specific suggestions for you, but @Melissa Searing is right about the northward expansion of Mt P, and @John Semanchuk brings up a good question regarding flood zone.  

I tend to agree with hunter, rent is being paid already, so you screen her more for damage or disturbance issues with joint income obviously  ok....and you may end up with her there much of the time anyway if they are serious....In my experience, your only risk is the break up and being left with just her, but that may not happen or be a lease or two away and you could cross that bridge then (by not allowing her to be there solo)...

I just want to add, I did not mean any disrespect in asking John as well. 

thanks JOHN 

Originally posted by @John Chapman:I am an attorney, and I've looked at veil piercing in a number of states.  

It can get messy and you're both better off not working out these sorts of deals.That said, if you've got something written in the lease that the painting was to be compensated with the security deposit without stipulating an hourly rate or partial payment of the entire sum, then you owe him all of the deposit.Like John said, it's an inexpensive lesson.