I wonder why he cancelled his account?

Paint and carpet are tough enough to organize remotely.

She has some stock (maybe 50k), some retirement IRA of around 100k which I believe she has started to take and then maybe 20k in her savings account.

A good accountant can determine how to account for the 70k received in the best tax advantaged way that makes sense for the transaction.

@Karen Margrave Im still interested in coming to the meetups that you were organizing.

My guess solely looking at your numbers is that it's an older/distressed property which means you have to account for more costs in capex. 2nd thought being it's not in the best of neighborhood then you'd have to take into consideration lower quality tenants/ neighbors and maybe increase expected vacancy and late payments.

This way you still have 50k in your account and you have $200 coming in every month for 10 years, then 1600/mo for the following 20 years.OR you can lend me the money for 7 to 10 years at 9% and I can do the same as above!!

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. 

Talk to accountants before trying this.

I have never approved a tenant without meeting them, if everything looks good on paper, income, accounts, backgrounds.