Never under estimate the power of good old fashioned fun in real estate.I have a couple questions/ideas for you. 

I would recommend that you lease it from her at market rates in an arms length fashion. 

It's the easiest way to get taken for a ride by a contractor.

Hi Mike,I would go with a good old fashioned Texas cash-out refinance.

I've heard of agents riding around town just opening doors and hoping the buyer will pick something.

In a similar fashion, if you can imagine how much landscaping and underground infrastructure is in a golf course as compared to the clubhouse, that will give an indication of why an extremely high percentage of the property's value is allocated to the land improvements. 

I have Pact #2,#3 & #6.While I mostly drink wine at home (I brought almost 10 cases with me) I do enjoy a good Old Fashioned, and it's made with Old Granddad.

Social media can be a powerful tool, and then good old-fashioned door knocking for listings is a great way to drum up business as well! 

Hi Jaden,I'm not a fan of hybrid turnkey models like the companies you mention.Also, not a fan of many turnkey marketing companies.Granted, I'm bias but if anyone is interested in turnkey just go straight to the provider.Not many around these days anymore and the one's that are, have stood the test of time and are obviously solid.I think it's less riskier nowadays to invest in turnkey properties than before because all of the poor providers have disappeared and only the good one's are still around.Plus, seems like the "hands off" and so beloved syndications are going belly up so turnkey might be in fashion again.And no big deal IMO that turnkey is not completely "hands off".Is anything completely passive other than 30yr Treasury Bonds?

She has extra people living there, they are getting a free ride, they can pay for their own place to stay.