Ahhh, how could I have missed it. "When you move out, I'll need half the rent, utility, maintenance, and tax every month it stays vacant. And if tenants don't pay, or they're late, I'll need half those things every month too. Ooops, Covid strikes, government shuts down business. Tenants haven't paid in 10 months. You owe the bank half on 18,000"
Sure. Half the roof is 6k and the new water heater was $1300 installed. Oh, don't forget to pay property taxes or the city will make our lives miserable for the next 5 years. Also, I'm going to need 20k upfront for bank down payment and your name, credit, and signatures on these 60 pages of legal documents, making you liable to all parties interested in a lawsuit. I'll need several years of tax returns and bank statements proving you can cover maintenance, insurance, and taxes. And if you could set aside another 5k in escrow for unexpected expenses; that should pretty much do it.
Who cares about sports or hollywood bullshit. Love your family, build things with your hands, prep for hard times, train, get physical, throw the ball with a buddy or your kid, go play in a league. Love life, fuck all this dumb fantasy shit
I'm not sure what can be done about it. When you add up the debt and unfunded liabilities, there really isn't a way to pay it off by traditional means. It would be like making $4,000 a year and trying to pay off $175,000 debt. But your expenses are $6,000 per year. I think it went past the point of no return a few years ago.
Clever, this is a good workaround