If the property is not cash flowing and is due to your mortgage carry, it will most likely require a cash buyer to work (or close to it). 

You could put in a range of numbers for purchase price and closing costs, renovation expenses, and expected returns and you could very quickly get a range of projected return on investments (although an excel spreadsheet could easily do this as well), but I'm sure as technology develops we will see even more sophistication in AI's ability to assist in deal analyzing.

When the tenant moves out and the funds are distributed either to the tenant or the landlord for damages, then the subaccount for that specific tenant has a zero balance and that subaccount is closed. 

Because like you said, my rentals are very close to a net loss on a yearly basis.

I must second what Account Closed stated.

I just wrote an offer for full asking price at 30 day close, with a contingency to extent at BUYERS choice for 30 more days if I don't get an favorable response on the electricity install costs.

I do like the idea of a check and when she pays closing costs ($515) for the title company and I'll pay attorney fees I'll have her write a check and get a copy of it. 

Without having much info, I would need to know the financial situation of the 'close family' to determine a best approach.

I can't picture a roof so close to the property line that it overhangs.

My regular monthly electric bill doesn't come close to $250.When did the PM change over the utilities relative to when the tenants left?