@Matthew Beninate Relay Financial is who I use.

I learned this phrase about 50 years ago in my first year as an agent and its true today."

Given this and what I’m seeing homes around here rent for, there wouldn’t be much monthly cash flow if we were to rent it out today as a LTR, but there is the opportunity to grow equity.

Send a certified letter today so you can prove that they received it.

I dealt with evictions, unexpected repairs, and the ups and downs of tenant relationships—but I also made huge strides in improving the property’s value and financial performance.

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

I've tried getting in touch with him today but he blocked my phone number (my texts don't deliver and my call goes right to voicemail.

Condition, pictures, any financials they can provide.  

Hello @Daniel Reed,The supposed advantage of multi-family properties over single-family homes is misleading when you look at financial performance.

Today, that building generates enough passive income to cover his annual retirement contributions.You mentioned taking the 10% penalty, which I’d only recommend as a last resort.