Examining the rental contract to confirm what the seller and the seller's agent told you should have been part of your due diligence. 

This search is an examination of public records to confirm a property's legal ownership.

It’s a little nerve racking thinking of investing money far from home with little experience but I know people do it.

We need to examine your Net Cash Flow before and after. 

I Have just recently passed my broker exam in CA with not ever having worked in R.E, as I qualified due to my 4 year degree. 

@Mat O'Grady,If you are asking the question, start by re-examining your values and your financial goals.That said, would the family be served better by you renting it out and sharing the rental income with them?

I just passed my license exam in Michigan but have not registered with a Broker yet.

I have taken the required credits for it and I am scheduled to take the exam in February.David, It will be great if you can send the info for the education-related estate investor group which meets in the Lake In The Hills.

I think you need to re-examine what you are doing and why.

People crush dreams and will find a way to make you lose your nerve and this is a tough business .