Agreed the odds of them wanting to resign after the renovations that would substantially increase the rent is low. 

The best way to hedge your bets in the right direction and also protect your personal space is to look for uneven multis.What am I talking about?

Your best bet is doing a cash out at 80% LTV to maximize proceeds, since most HELOC lenders will cap your loan amount at about $500k.

(Ps what are the odds it’s the rental you would buy if you didn’t already own it?

I bet they change their tune.

This is when your job begins not ends  then responded “totally understand where you’re coming from and your concern about that, yes I will be selling this for retail and I will get some profit out of it however you have to understand most of that profit that is made through the retail system I’m paying for all the appraisals I’m paying for the closing expenses I’m playing for the agency fees I’m paying for everything else in between as well as all the demands from the bank you don’t have to worry about anything  you’ll be getting that same amount regardless if you wanna go with a realtor I bet you well however if you do go with that realtor at the end of the day you may even receive less than what I’m offering you at $110,000.

Show respect, and I guarantee it you will never be asked to show any proof of funds.. well unless you are fugly...then all bets are off.So my tip for you is... be cool mate.

You just gave in your example above a return of 10% and I am telling you you would bet the entire 10% versus the insurance return which would be barely 4.25% based on your own calculations. 

Best bet is to look up self-directed IRA holders.

This immediately struck me as odd as I wasn't aware of any form of compensation to the PM for any maintenance related activities, just 8% of gross rent and 1-month of rent to lease the property, per our contract.Naturally I wanted to understand the nature of this arrangement, specifically how much mark-up is being charged, so I referenced a specific sewer repair bill from 2015 that was $2,600 and asked him if he could provide the vendor invoice so I could understand how much the vendor charged and how much revenue the PM recognized.