The reality is our life span is but a blip in time and we can't predict the climate tomorrow much less way in to the future.

I mean it's money, but if it takes 6 months to make 10K, then you're making something around $9/hr over the span of 6 months closing to closing (many assumptions made).  

However, with this option, I believe I can depreciate the value of the purchase price over a span of 27.5 years.If the house was gifted to me, I don't think it affects her with anything but for me, I will have to pay gains on the whole sale price if i were to sell it.

So I have a two year preparation span and I am ready!

I look at all the direct mail I get form around the country and its always someone new every week someone new.. granted you send out enough of it and it works.. but then again if that person was spending 5 to 10k a month on marketing and was a decent salesmen they would be killing it in real estate broker and have a career that will span decades not a few years if they are lucky. 

In the span of a quick conversation I can calculate if the deal pencils out and makes sense to pursue. 

I've been living in my home for 7+ years and I've seen the neighborhood change with some property owners renting out their homes instead of selling them.In that span of time, I have dealt with and encountered a slew of issues from many of the renters - the noise ordinance issue being the biggest complaint, based on many of the culprits blasting loud music from their cars at all hours of the day and night, with no regard for the time of day and who they were disturbing.Yes, I have called, the police - along with other neighbors, but being that I have lived the closest - with the culprits either living beside me, across from me and now adjacent to my bedroom windows as the others have either moved or stopped.The other issues have been lessened, like the previous renters shooting as they have moved, but all of this tension has been building.

Overall, I think your cost estimates and life span estimates are good, as your estimates probably will compensate for some inflation in prices over next 5-10 years.

Yea, pick a better list and/or mail pieceI’m doing 2-4 deals a month, $2200 in marketing, started with 8 pieces which got reduced to 4 which get rotated twice in a 6-8 month span. 10%call back1/3 ish are appointments The rest I follow upFollow upFollow through Follow back Hope this helps

Here's one from the International Association of Certified Home Inspectors: click hereIf the paint was new when they moved in, it should have plenty of life-span remaining when they move out.