Are you thinking about managing versus a property manager or are you also thinking of selling as well?

I also thought of paying a neighbor kid but that sounds like a stressful situation to rely on neighbors I don't really know well.  

Let's of NYC investors look at other cities in NY, Rochester, Buffalo, etc... they can drive to them to see them, and they know the state well enough to feel comfortable.Most of the rust belt cities in NY offer cash flow as well. 

However, the MLS in San Diego as well as the appraisers I've worked with do.You'll definitely want to check to see how the topic is addressed in the particular locale the property is in. 

Well done Vince!

I will findout more information about all the great questions you posted :) Thank you.No inspections is all well and good, but that’s not the real issue.

Well then could we have a example of defeasance, maybe such as a Bob and Ted story?

. - I have talked to them as well.

Happy to assist you and your wife in any way that I can with your funding needs as well as advice/input on your projects. 

And make sure to plan for the additional depreciation as well!