@Jon Lafferty Assuming the 70% rule, with 24k in rehab and a ARV of 115k, a $56,500 max offer would probably be an offer more suitable for a deal like this.

We have suitable insurances, including Term Life. 

Yes, I think you may want to consider an ICO or token sale if you have a suitable project...Here’s a list of upcoming ICOs: https://tokenmarket.net/ico-calendar/upcomingThis IS the way new startups are raising capital here in the Bay Area.  

The crime rates are not alarming, and these seem to be solid, blue-collar working class neighborhoods.There also seems to be opportunity for different strategies in these areas: some homes that need work that may be suitable for BRRR strategy or fix & flip, and some homes that need minimal work where the numbers seem to work out right away. 

you shouldn't let someone take over, unless one roommate is leaving and another is moving in. what you should do is agree to break his lease early, under the condition you are able to find a suitable replacement. old tenant is responsible for every day up until new tenant takes over. you treat everything else as though old tenant is leaving on time

However, if no one has a checking account and can pay online I feel it may not be suitable to rent to them any longer.

Verified rehabs were done and the work is suitable?

Second, I would establish as-is value and “After Repair Value” (ARV) by asking 4 or 5 real estate agents to give you both numbers.Third, I would use “THEBLUEBOOK.COM” and get 4 to 5 suitable contractors to give you complete renovation bids.Fourth, I would go to local Real Estate Investment Clubs (You can find them on internet) and talk to flippers.

I would like the idea of a flip that is suitable for STR or LTR as plan B and C.I know I'm all over the place (which is normal for me LOL)! 

@Phillip Vaughan its unfortunate because this is likely to drive money away and lower the total availability of vacation options in an economy that thrives in winter months from visitors. cant say I am suprised