So who knows how much some of the land value could increase over that time.

I'm sure your income would be higher renting by the room vs renting the whole home, but as long as there are comps to support a value high enough for a DSCR ratio of 1.00+, you should be in the clear.

The franchisor is incentive is too place as many locations as possible in an area to maximize royalty income and franchise fee income, up to the point that the franchisees are no longer profitable,  The franchisee on the other hand wants as few other franchisees in his area as possible since he has almost no concern about the franchisor maximizing their income, he wants to maximize HIS OWN net income and franchise value.   

Trade for services How did you add value to the deal?

You never know if you would want to fall back on it in the future.Having a CPA license also does have some brand value.

What this means is that you now own the rental, have 0$ cash into it, but allow the property to force appreciation, while the home appreciates in value. 

Hi Hillary, I would call some of the local credit unions as well as one or two larger banks to get an idea of what everyone is offering for owner occupied HELOCs and what LTV (loan to value) each is given.

If that happens try joining a positive group that values you, mentor you and wants you to grow.

Rehab it and sell it as a "flip" at market value if the numbers pencil out. 

However, if it's not, a deed will probably need to be obtained from the proper parties.Keep in mind the title insurer is only liable for the amount of insurance you purchased so you may be self insured for any additional value.