Lauren, even though you inherit half of the house, the capital represented by your half is real capital that you could turn into cash by selling the property if you were so inclined. 

So, again, without knowing your numbers (average rent of the area, mortgage, price of the rental, projected new mortgage, etc) I'd be more inclined to refinance the primary home. 

I’m inclined to agree with you.

My inclination is that it's probably not the worst thing to have excess reserves.

I see it as creating an issue in court, when you are fighting over rent- I suspect in NJ the judge may be inclined to disregard it.

I figure explaining wholesaling may help me understand it, and if I get anything wrong the BP members that are inclined to correct people can give the right information!

He backed out, and glad that he did.But the realtor he was going through and when he went to check the property he did not hear or see anything.But as you can see, while there are many good folks, there are some shady people out there as well, and in case of turnkey, you need to learn yourselves what to look out for and also be able to do some basic analysis yourself.So easy option is not necessarily the best one, but you need to start getting your hands dirty to learn, so do not engage in anything where you feel you have to buy, if the deal meets your requirements and you feel comfortable go for it, but dont go in to buy only, but also be open to walking out and learning at the same time.I try not to talk to folks in RE unless I have done some research on my own, as the commission system makes folks more inclined to make the deals for you, so you need to be prepared and do your own due dilligence.Roofstock is a good way to see what retail turnkey options looks like, I am not saying you should buy through them, but they have a good way to look at turnkey properties, especially if you think out of state is an option for you.For the first property though, it might be better to go local, but that is just what works for me.

My inclination would be to sell unless you are thinking of building a portfolio in the area.

Are you inclined to hold cash and wait for the next downturn? 

. -5162 -5162In short the damage from the upstairs has caused caused this damage to the downstairs tenant.To make things more interesting the upstairs tenant has now told the contractor, "I did my part, and is indicating he is not inclined to pay for the damages now."