The husband is a pretty emotional person, he kept saying that all the memories of his kids are in that house, and he would not be able to sell the place!!

It is often too difficult emotionally or mentally exhausting to give up their previous home.

Time is running out Wife and 3 Children LIVE in the home and want to CONTINUE to live in the home as the Children are entering or in High School(a painful time to have to move or relocate for all) - YES lots of emotions all around involved.

My theory is it's much easier, emotionally, to walk away from a rental than it is to sell your home (home owners are more likely in for the long haul).

@Jordan StenholmMy wife and I interviewed himhttps://juliaandgino.com/the-psychology-and-emotions-of-mone...

If they inherited the home, there are likely emotional bonds they have with the property. 

Hi Ambrea,To get into fix and flips, I started by focusing on a few key steps that helped me find success:Educate Yourself: Learn the market, analyze property values, and understand rehab costs.Build a Network: Connect with real estate agents, contractors, and lenders.Secure Financing: Consider hard money or private loans for quick capital.Find the Right Property: Look for undervalued homes in growing areas.Create a Detailed Plan: Budget carefully and have a clear timeline for renovations.What worked best for me was staying disciplined with my numbers and always having a solid team in place.

Hi Kevin,To get into fix and flips, I started by focusing on a few key steps that helped me find success:Educate Yourself: Learn the market, analyze property values, and understand rehab costs.Build a Network: Connect with real estate agents, contractors, and lenders.Secure Financing: Consider hard money or private loans for quick capital.Find the Right Property: Look for undervalued homes in growing areas.Create a Detailed Plan: Budget carefully and have a clear timeline for renovations.What worked best for me was staying disciplined with my numbers and always having a solid team in place.

Don’t make decisions based on emotions, make decisions based on numbers only.

This is why people don't like renting to friends/family because its human nature to mix emotion into the decision making and that makes dealing with managing the investment messy when things go sideways.