In fact, you insisted that house was turnkey and that your "preferred" management company was suggesting unnecessary repairs (I did walk the house in person and they were 100% necessary).And yes, you did walk the property on a video chat with me, but what I found working with you is that I have to ask A LOT of questions because you are not forthcoming.

I work on projects across multiple states and have a strong network of contractors.Regarding when to involve a contractor, if it’s someone you haven’t worked with before, I’d suggest waiting until after the inspection.

Hi Jessica, I would suggest getting a propstream or any other lead generation account, finding cash buyers who bought similiar properties to yours in the last 3-6 months in the area of the properties you are looking to sell, skip trace then cold call or cold texting the list. 

Given that I am a complete newbie...what would you suggest? 

House needs some Interior Cosmetic Work, Wood Fence Repairs and some Plumbing Work.I want to turn and run, but I recently heard where there is a Problem, there is Opportunity.I thought this might be an interesting Case Study.Thanks for the Ideas.If the situation is as dire as you suggest, there are other bills he hasn't paid and there are likely liens on the property.

That person is responsible for anyone one else that comes into contact with your property.I suggest using a service like Mayistay.

Someone suggested mid-term rentals may yield better cash flow.

I've seen many people suggest a cash out refi but I like the flexibility of the heloc.

Agree with others that you will probably need to lower the rent - suggest 5% every 2-4 weeks until activity picks up. 

If you’re serious about buying properties and doing real estate, then I would suggest working with the CPA that understands real estate even if the services cost more than your average H&R Block or some TurboTax program you can buy.