You'll find mostly the older and more experienced investors can play the appreciation game because they have multiple cash flow sources. 

He is not likely to buy more houses from you :-)These are some very rough numbers but hopefully gives you some perspectiveNeed to learn  how to crunch the numbers if you want to play the real estate game..Wish you the best

Following my own mantra, "Never play the other man's game" I'd have to say 'no' to an opportunity that is not my expertise, probate or not.

I do know exactly how to play the situation and was interested in suggestions on how to move forward.

There is still high appreciation likely to continue the rest of this year but that's your call if you want play the "will the appreciation gained outweigh the negative cash flow" game.

I am currently focused on a niche play--the student housing market at Colorado College, here in CSprings--and it's turning out to be quite lucrative--too bad it took me so long to discover it.  

So now my goal is to help people who don't have good credit purchase from me while I can play the bank.

So the question for an investor is "do I want to make money or play the stick built game?"

I should go play the lottery!

With no debt and no mortgage then money becomes monopoly money, you can go play the game worry free and focus on winning.