Hi there, if you're open to holding onto the property, converting it into an Airbnb or short-term rental could significantly increase your cash flow, especially with the current demand for rental properties.

Low barrier to entry, low taxes, landlord friendly, and areas that appreciate + cash flow. 

However, it could also be a 4 plex worth $800K. 

Purchase price: $4,100,000 Cash invested: $2,000,000 79 unit value add apartment complex with roughly 800k in cap ex completed What made you interested in investing in this type of deal?

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. 

Since 2020 I have doubled my salary, moved into an apartment with my father to save rent, and was able to save over $150k cash towards an investment.  

Cash flow is not great since properties are priced accordingly though.  

If your rent ends up being comparable to your current mortgage, it might not give you the cash flow flexibility you’re hoping for.

Thanks.It’s definitely worth a conversation with your neighbor, but as others have pointed out, they might see it as you benefiting more than them.

Doing a cash out refinance.