In the last few years, Windstream, Lamar and Power REIT have unlocked millions in equity this way.This is stuff no one will tell you, I hope you do your home work and go for it. 

I don't have the final ok yet, but it's looking very good so far.There is a good chance that I'm able to unlock $200k.

So in your case you can buy with cash for $40,000 put your money into the property to unlock the value.

And there are plenty of deep pocketed investors out there who will listen to NPR's upcoming This American Life piece on the slumlording professor of Mobile Home University - and instead of wrinkling up their faces in indignation, will instead salivate at a potentially discounted investment class.He appears to be an adherent of classic deep value investing - going back to Graham, and currently espoused by any number of value adherents, perhaps most cogently by Seth Klarman of Baupost Group.The classic value play is to patiently sit on the asset until the market recognizes its true value, the asset price rises (ie cap compresses) and you unlock the true value of the asset you bought so cheaply that you had the "margin of safety" as Graham put it, and Klarman titled his legendary book.But rather than wait for the market to recognize value - Rolfe is trying to teach the market.Rolfe doesn't believe in buy and hold forever - he wants to unlock value and appears to really believe his assets deserve lower cap rates than they are given.I think he is probably succeeding in helping to single handedly move the market.

Sent a photographer to take pics, and the house isn't locked, the doors are unlocked, the place is vacant.Need to know how you go about securing a house when you and the owner don't live there.  

But, we manage over 1,000 units, so we have all the features unlocked.  

I had a renter, hardship I didn't charge him deposit, but one months rent....day 2 he became enraged and moved out, broke the breakers, left everything unlocked, broke fixtures insideand demanded his rent back...and was very threatening...this guy thought since he paid no deposit he would get his rent back for not being there...some people do not think normally...be careful

I will just leave door unlocked that day and see what happens.

Cost of being lazy either expect your tools to go missing to take them with when you leave job site.The worker bees don't lock up well, window open, service doors, patio doors left unlocked and the more visible the project the more jerks it will attract. 

If you want to unlock some of the equity you drop in the house do Heloc on the new house.Or seat on the cash and wait until the buying market comes back around...