Glad to help.

It’s not an area that you can say this zip code or this neighborhood is good or bad.

Quote from @Heather Luu: This brings me to another question.

Quote from @Mitch Seiffert: @James HamlingThis is super helpful, thank you! 

It is in your inbox Heath, Granted this is a standardized PA form,  it gives you a good idea on how to draft one.

You really should talk to a CPA and show them the details of this property and how much depreciation has already been taken on this property. 

Hey everyone,
I'm new to real estate and I’m looking for feedback on a project I’m working on. Here's the deal:
Purchase Price (PP): $95kRenovation Budget (via HML): $60kTotal All-In Cost: $155kARV (After Repair Val...

The information contained in this post is not to be relied upon.

Over the past 10 years, he and his late wife poured their hearts into building this home (with permits, of course).

Please use an attorney to write these documents - this is the equivalent of going to see a dentist in the van down by the river - it's great until something goes wrong and then you could be completely screwed