This is a major win to help the property cashflow better.Second PRO is I think you are pretty much guaranteed the loan if you have not exhausted your benefit amount.Third PRO is your only out of pocket would be closing costs...  

If you are 18 and thinking along these lines, you are setting yourself up to win in the long run in a huge way.Take control of that house.  

If it doesn't work out simply walk away.

If you do not get the RCO vote you will most likely not win the ZBA vote (although not always the case).

Of course you'll simply be memorizing, and not learning.

A win win for both parties is a great formula for sucess.That's my 2 cents.

I'm simply sharing my personal experiences.

Again, nothing.Are most investors simply hiring a contractor to sub out the work and then presumably eat the 50% markup?

As they say, slow and steady wins the race.

Simply by living in a property for two years you increase your return by the tax of as much as 25 - 30%.