I agree: contact the presiding local municipality(s) and confirm the process and requirements.

Some municipalities will take trash out to the curb for an extra fee, as a service to the elderly, handicapped, etc.

.  ** Generally **, the guys with lots of responses on BP are good when they answer, but always remember that real estate answers are often state and municipality specific.

Municipalities claim they want affordability, but their own requirements push costs higher.

Look at how the property is structured, is it in a nice neighborhood, do they have an HOA, or would the neighborhood / local municipality like you being there or tax you more?

Due to DSCR loan limits, we likely won't achieve a "perfect refinance" and pull out all our (well, my) equity, and likely leave 30-40k of my equity trapped.The Conflict:If we stick to a straight 50/50 ownership split:Him: $0 invested = Infinite Cash-on-Cash Return.Me: $30k invested = ~5% Cash-on-Cash Return (based on remaining cash flow after reserves).This feels imbalanced to me.

Quote from @Nathaniel Carter: Seeing more investors using DSCR loans lately, so I wanted to share a quick summary of why they’ve become so popular:Benefits:No income or employment verificationApproval is based on rental incomeClose in an LLC30-year fixed ratesWorks for long-term, short-term, and mid-term rentalsGreat for self-employed investorsGreat RatesThese loans have been helping a lot of investors scale faster, especially those who hit DTI limits with conventional lenders.If anyone has questions about DSCR structures, cash-out refi options, or how to qualify, feel free to drop them here — I’m happy to help. 

Limited fixer-upper more turn-key.

@Corey Key They can get it back because of the Short Statute of Limitations, as explained in the Alabama Court of Civil Appeals Case of Rioprop v.

Limited to a specific task or limited range of tasks.