I know your ego probably can't resist it anyway haha.

At this point it seems like the path of least resistance would be to leave it in our names and skip the LLC altogether.

I love the world of real estate and although I have tons to learn, stories like yours keep me fired up to keep pushing through the resistance and never giving up.

. ;) Sorry, couldn't resist but post.

Sorry I couldn't resist, the above is a play on an internet meme from Kanye West for those who are not aware.

The one nice thing about building is you shouldn't have to worry about any major expenses for a while.The downside would be you could see a big rise in your property taxes or possibly even see resistance from the city.  

Regional, drivable vacation rental markets have been the most recession resistant and usually have really great ROI.

That can raise some eyebrows and possibly some resistance if there is a loan involved or a bank involved (As a seller which is not the case here), however, since this is a short sale, the bank who hold the note may have an issue with it being part of the HUD-1.

Moisture resistant drywall will be used in all wet locationsAll ceramic tile will be installed on 1/2" cement board or a concrete PaintNew Switches, Receptacles, GFCIs and cover plates to codeHardwired smoke detectorsCarbon Monoxide DetectorsBathroom: Install Ceramic tile on walls for tub and floorInstall new pre-hung 6 panel hollow core doorNew Toilet with ring and supplyNew Vanity with faucet, drain and supply linesInstall new light fixtureInstall bath exhaust fanNew medicine cabinetInstall New TubBathroom Accessories (Toilet paper holder, towel bars, etc.)Bedrooms / Living room:Install new pre-hung doorInstall all trim ( Door Casing, Base, Shoe)Install Flooring material (Carpet, Hardwood,Laminate )Install New Light fixtureInstall Closet door (Type to be decided)Kitchen:    Install Ceramic floorInstall New kitchen cabinetsInstall Counter top (Granite/Corian/Laminate)Install New Undermount sink and faucet Install Ceramic backsplash with accentInstall Light fixturesInstall garbage disposal (if applicable)Install Dishwasher (If applicable)Install all trimInstall pre-hung pantry door (If applicable)All material types will be selected by you and installed by us.

He tried, and she insisted that she's fien with things as they are, and like most non investor minded people, he opted for the path of least resistance.