Turns out her son, the doctor, partnered with her, but partnered with others, and if you do a DTI, you have to consider our income, her income, her son's income, her son's partner's income, and as those he partnered with are also doctors, even more partners.Before the story gets more complicated, I had a wealth account with my bank, chatted with my advisor, about this.

The decision that I made is to invest in Wichita, KS since I know the city and I already have an agent and a friend contractor for possible renovation.

It is far better if the landlord just lets Tina out of her lease, and accepts Sam as a new tenant.Or, the landlord might let Tina out of her lease, accept Sam as a new tenant, but also require Tina to guarantee Sam's lease for the final six months (using my example) of Tina's lease term.Either one of these accomplishes everybody's goals without getting into messy technicalities that come about with a sublease.Most leases contain prohibitions against subleasing without the landlord's consent.Many leases charge a one-time fee if the tenant subleases, or is let out of their lease and a new tenant accepted.That is because the situation causes extra work and risk for the landlord. 

I’m just curious if I’m putting upA bandit sign and a copSees me can they arrest me?

But definitely talk with the cpa this is valuable and a part of your due diligence.  

Hoping that the brain power of the masses can assist in providing me with some clarity.We have been going through the process of doing a short sale on a ski condo in Colorado and arrived all the way to the closing table to discover that the HOA had not accepted the short payment that the seller's agent had indicated and as such was demanding that the short sale be re-approved with the HOA getting more of what they are due or else they will continue with the foreclosure process. 

The 1st position mortgage probably has a better rate and a longer amortization schedule I would guess. 

Would a setup where a historic building with 7 rooms, 2 bathrooms and a kitchen is rented out by the room exclusively to air force personnel, potentially furnished? 

Chance (and a small world) aside, I'm very excited to begin this journey.

We aren't sure which market(s) to invest in and a good deal doesn't necessarily mean a good deal if it is in a not so good area.