David Ramsey talks about stocks, mutual funds, etc.. whereas I made my money by being an active investor in real estate.

Stay active on the forums.

By sending a check, in many states, if the tenant cashes the check they are de facto agreeing with your damage assessment and will have little ground to dispute your accounting.  

While it provides a steady income stream and potential appreciation, it demands active management, thorough tenant screening, and may involve higher vacancy risks compared to traditional leases.

This really means, what tax return reports the activity of the property.

The key is to assess your current financial position and goals.

For example hang drywall is a 3 day activity tape and mud five days.

In other words, the cap rate becomes fairly meaningless upon transfer.Your job is to assess whether or not you can make a good profit after buying the asset at whatever the sale price is. 

I can sub out all the PM activities, leaving the "business" to me.  

(Inspectors are generalists, so specialists are essential for plumbing and electrical issues in older homes.)Structural Concerns: If potential structural damage is spotted, hire an engineer to assess it properly.Be Diligent and Proactive: Old homes often require extra due diligence.