You would need an appraisal, or some sort of FMV as of the date of transfer, which would essentially be your proceeds.Please don’t make the same mistake twice!!

Encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder, etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

That was a mistake.

Make all your mistakes in the kiddie pool if you know what I mean and you can still make 75k - 100k net doing one deal per quarter.

@Zachary EngenRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder, etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

But I have JUST proven to you that people in these situations have a 99.9% chance they will NOT be motivated.See the mistake all these software lovers make is they incorrectly ASSUME that foreclosures, and absentee owners, and probates and all these situations imply motivation., but the DATA says that is not true.So I have factually, mathematically proven to you, without any room for opinion, that I am in fact accurate and correct.Everyone with a probstream membership answer me this.

We have seen pricing double triple or more over the last 10 years, still going strong, BTW my regret is not keeping 50 or so of the 500 I flipped, HUGE mistake,,,,, Good Luck 

If something truly was wrong that you could have prevented or handled a lot better, thank them for leaving a review, apologize, own up to the mistake you made, and explain how it’s fixed so it won’t happen to future guest.