Renting House on no status


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My friend 's H1B status (after 6 years stay) is completing AUG/2017.

He has no I140 , so planning to move back to India. Can he rent his home legally?

He is still paying the Monthly installments( 20 years left) and rent income is more than monthly installments.

He wants to come back after some time , so not interested in selling.

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