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Good morning. I certainly understand the situation and your concern. Just to be clear, the 21 year old refuses to pay you rent?
Thank you. At this point, if you do not want to lose the home and/or sell it, you need to get them ALL out of the home and then try and rent it. The goal is to be able to rent the home for the same or more, then you pay for the mortgage. You can apply the rental income to the balance owed and then have it paid off in a year. If they refuse to leave, you need to evict them through the court, so you can rent it out. As you shared, you can sell it BUT if fixing it up would result in a greater sales price, you want to wait to do that, so you do not leave money on the table, for a quick fix.
Thank you for the additional information. Yes, at this point, if you can to rent it out and they will not live there and help you pay the mortgage, then you will need to look to sell it in the condition it is in, at this time. I know it is not ideal but without any income to pay the mortgage, you want to avoid foreclosure, since it could hurt your credit and cost additional funds, if the bank retains counsel and has to go through the foreclosure process.
I just wanted to follow up and see if you had any other questions or concerns. I am here to help so please just let me know.