Then plan and design how you're going to deploy that cash via what strategy your wife and you have confidence in.I use a excel or google doc and my first sheet would layout all of the details of the sale including all costs that go into getting closed.

Hospitable, hands down, is an excellent PMS.

But if you can find a good operator and feel good about the asset, then private money lending can be an excellent way to invest passively.

I think that, right now, it offers excellent risk adjusted returns. 

@David Gotsill has summarized it excellently.

Many judges would feel you got paid even if no cash was sent to you.I could see this potentially working on a higher-end property that it in excellent condition with a Grade A tenant.  

This is an EXCELLENT breakdown @Jarret Jarvis great ideas provided by you, thank you for this! 

For the tracker, I would just have a simple Excel sheet without generic entries 

unconfirmed) - AMB rating A-, Excellent).

I may have to Teak my strategy in light of the excellent advice you provide here, Henry.