Now, if for whatever reason this was a fair allocation, and the 5-yr property indeed lost 90% of its value while in our hands - then the impressive tax savings they boasted about would be valid as well. 

Residential, in my opinion, is a hassle so I am getting rid most of those properties so I can reduce my hands-on activities by 90%.

Read The Hands-Off Investor by Brian Burke to learn about what to look for when you start to invest.

The contract I could find says the following:```...together with the right of ingress and egress at all times for the purpose of mining, drilling and exploring said land for oil, gas and other minerals, and removing the same therefrom.And said above described land being now under an oil and gas lease originally executed in favor of [Oil Company], Chicago and now held by [Oil Company] it is understood and agreed that this sale is made subject to said lease, but covers and includes of all the oil royalty and gas rental or royalty due and to be paid under the terms of said lease.It is agreed and understood that of the money rentals which may be paid to extend the term within which a well may be begun under the term of said lease is to be paid to the said [purchaser], and in the event that the said above described lease for any reason becomes cancelled or forfeited, then and in that event, the lease interest and all future rental on said land, for oil, gas and mineral privileges shall be owned jointly by [owner] and wife and [purchaser] each owning & interest in all oil, gas and other mineral in and upon said land, together with interest in all future rente.This sale is made for and in consideration of the sum of Ten Dollars, cash in hand paid, the receipt of which is hereby acknowledged.To have and to hold the above described property, together with all and singular the rights and appurtenances thereto in anywise belonging unto the said [owner] heirs and assigns forever, and we do hereby bind ourselves, heirs, executors and administrator to warrant and forever defend all and singular the said property unto the said [purchaser] heir and assignee against every person whomsoever lawfully claiming or to claim the same or any part thereof

Total property value is 5 mill.Loan term is ending May 2026.

Now S.O. on the other hand are at 2%.  

MTR is less hands-on compared to STR so that would help with the guest follow up situation. 

I would love to go after the person who ran the business themselves, but from what I’ve been told since my lease was with the LLC and not the individual running the show that my hands are tied.Any help is great appreciated.Thanks!

Appreciate all your feedback.The vast, vast majority of properties in Baltimore city, especially city properties cost more to rehab than they are worth, effectively totaling the properties, it’s great that you want to help fix up Baltimore but you’d be better spent working with habitat for humanity or something as opposed to flipping in Baltimore, especially in the cheapest areas.  

Typically, I would recommend handling the notification portion yourself then handing the rest to a professional team that does this.Maintain rapport with daughter, tell her you have initiated eviction process.