In this scenario you are not paying on the note and no money was actually loaned. 

And a lot of potential when it's done well.Would love to hear from others who are active in this space or even just exploring it.

Also, Connecticut has its own fair housing rules, so if you're promoting this as a public program or doing it across multiple properties, it might be a good idea to run it by a local attorney or fair housing specialist just to make sure you're not crossing any lines.Yes, it’s legal if it’s framed as a voluntary incentive and not used in a way that could be seen as discriminatory.

Really appreciate any insight and excited to join this community!

If you’re open to connecting, offering advice, or possibly partnering on a deal, I’d love to hear from you.Thanks in advance—excited to grow and contribute within this amazing community!

Replacing the rod with an ordinary anode rod is much cheaper at around $25. 

How much insurance should I buy for this?

Hello James,Were you able to get this started?

Any lenders you’d recommend who understand creative structures like this?

I realize this is a very late reply, but posting for someone in the future that might need expertise on this.