I would look for a strong cash-flowing multi-family in an emerging market.

Get an emergency contact too.

You have ~60K extra that either becomes an emergency fund or toy fund :)With a HELOC, it is unlikely that you will get anywhere near that LTV.

Gonna call non emergency hotline to perform a welfare check on the fella but he seems have no heirs son/daughter around.

Ideally, I would recommend that the money that was going to retirement to be saved to build up your emergency fund and for a down payment for a duplex or another property.

Fast forward to today, I have a quasi GC doing a rehab where he does the majority of the work in house, subbing out a few tasks, and I'm hiring a couple contractors directly and then coordinating scheduling.If you are looking at a specific repair task and want contractor referrals, I'd be happy to assist and provide my $.02.Use CL as a last resort; a lot of no shows and family emergencies is all I got from craigslist.

Maybe compromise by keeping a larger emergency fund than normal, an bigger umbrella policy, obtaining mortgages in your own name so she remains debt-free, etc.   

The emerging Trend in Real Estate Report is based on interviews and survey responses from more than 1,600 real estate experts.

In a emergency they can drop it off.

I know there are something that I need to consider such as emergency repairs, vacancies, and etc.