First of all, congratulations in taking the first big leap into your real estate journey! 

Most tenants to move in to a beautiful and equipped home tend to make more efforts in taking care of the homes.Think of it this way...

It could be a great opportunity to sell it off to a developer or even pay to have a structure built and then you personally sell it off.In order to assess value I would take a look at the neighborhood you are in, take the average house and then find comps for house prices.  

This gives you a figure to work with in taking depreciation on your federal taxes.

I'm interested in taking that approach and was wondering what your method was for locating a good source (facebook, or what have you) for finding deals.

My goals is to intake as much knowledge as possible, network & build relationships with those who are already in the game, so lets get started!

@Alan Baumann Alan I’m beta testing a value add MF deal with a pro forma workbook I made.Let me know if you have are interested and I’ll send an intake sheet to you and if you return it to me populated, I’ll send a full analysis back to you.

Be careful in taking any action outside of court.

If the deal is a cash cow where .175 isn't a factor, then that may also give you some safety in taking the lower rate, knowing you can easily absorb a higher rate on the back end if in three years rates are up and not down. 

. :)  I also want to spend some time automating the booking email to go straight into my calendar if possible, then it will be 100% hands-off intake except for putting the guest into my digital door locks. :-)Cheers!