Instead, the fund invested in risky assets that did not provide the promised safety and security, was unprofitable, had very little return on investment, and a large amount of debt.

If you have no collateral beyond the 100k and your home equity is below the homestead protection, you may have no assets at risk with a personal guarantee.One way or another, there has to be a way to secure financing if the deal is as described.

You have competing considerations of income tax, gift tax, estate tax, and property tax all at once, plus more general considerations about loans, equity, impact on Social Security, etc. 

I learned how to vet leads, pull lists, and even secured a few viable off-market homes.

We are power washing the exterior and porch (and staining it), fixing gutter downspouts, removing trash from the property, putting up exterior lights and security cameras, getting lead certifications, etc. 

South Portland stood out as a promising location, with solid access to recovery meetings, outpatient services, and employment opportunities, so when the opportunity to secure this home came up, I moved quickly.

Securing landlord insurance for an older, multi-family building with a flat roof in Chicago presents specific challenges, but several options are available.

The bottom line for me really is if someone wants or needs to leave early it is generally best to let them go so I don’t feel the 1 year term offered as much security as it seems on the surface. 

South Portland stood out as a promising location, with solid access to recovery meetings, outpatient services, and employment opportunities, so when the opportunity to secure this home came up, I moved quickly.

This strategy has allowed me to save on closing costs, secure favorable financing terms, and refinance almost immediately, all while minimizing my down payment.