If you move your expectations to keeping some money in, but refinancing out as much as you can then you'll be set up to not be let down from the jump.

Every day you keep the tax deferred you get to keep the money for your use.  

You could offer cash for keys to get her out-NEVER hand over any money until they are out and you have the keys and signed paperwork that they are out of the property. 

(and money of course, but that can come from these things)

You might save a full percent just doing that and you have tons of money you didn’t pay in points.

Investment Info:Single-family residence private money loan investment.

I sometimes think about investing there given my affinity with the location...but realistically it just makes more sense to put my money in rentals in Indianapolis where I invest currently and the returns are still solid.

Arron, I am using RentRedi - super easy to set up and the money goes right to my account; I love it.

We’ve worked together for about 2 years now, and he is focused on the operations side of the business.There are many solid sponsors and operators in this asset class, some newer than us, and some older – and quite a bit of new money coming into this space (part of this is where we are in the market cycle, and other asset classes being overpriced like apartment buildings).I’ve personally had several conversations with @Jefferson Lilly (and met him at a conference), and he knows the space well.

Offer to be the guy that restores the old family property to it's former glory and all....Still it'll be hard to not look greedy because you do want to make money after all.....main thing to me is being super PATIENT.