Owner's daughter was going to rehab this, but after putting in new boiler, new gas line, cover original hardwood floor with cheap blue carpet, and hodge podge kitchen (with 3 different cabinets), she got tired and wants to get out.

Some neighborhoods you can stand on a street and look both ways and see 3 or 4 houses under construction (infill developments) and most are already pre-sold before they finish completion.Now, obviously the OP and you were discussing areas up a little further in the county, and as you mentioned they are quite different than the areas I am talking about, but I think the biggest difference comes from people tired of the commute into DC from areas further out.

owner wants to liquidate rental propertiesMotivation age/tired of managing properties.How do I wholesale a property that's tenant occupied?

A non-profit is the right vehicle.

My last house was bought as a 'maybe flip' as I knew it was a fixer upper and was unsure as to how long I'd be staying in NY....turns out it was a year and a half and I'm about to put it on the market, after turning it around from a tired, neglected mess to a little jewel box.

Source documents are underlying documents that show the origination of a transaction, your gas pump receipt is a source document in showing you fuel expenses, a shipping invoice will show when an item was shipped and perhaps received, a parking ticket could show that at a certain time your vehicle was at some location, they are documents that can justify a claim being made.The closing agent can clearly show that there were no contractual obligations or other agreements made that would be applicable to that transaction.It depends on your settlement instructions, is there some disclosure or declaration made that no other property other than real property is involved, anything as to no other credits, allowances or other financial arrangements have been made or are expected to be after settlement?

At some level are you just trading one income vehicle for another with the added bonus that you get the asset back (albeit there is a risk if the property gets trashed due to bad management) if the lender flakes out (and of course the hassle of calling the note).Hopefully some of the experienced private money lenders will jump in on this one, as it is a fantastic question.

History has shown that real estate has been a major vehicle for building wealth throughout time.

If the person you just bailed out of jail does not appear in court then the bondsman can and will take your home, vehicle or any other collateral that you have pledged.

Transfer to real estate full time or stay in your profession and use real estate as a retirement vehicle??