Spend more than half of your total working hours in an RE business in which you materially participate.2.

Look at the current reviews and see how people feel about the place.

Each note is reviewed individually and most note buyers will provide quotes once the transaction has closed, recorded, and the first payment made. 

There is roughly $275k left on the mortgage and its value is est $430k.We have a brokerage account w $300k that considered as discretionary investments because we also have 401k contributions and emergency savings.Our options we're reviewing:1) Do nothing.

Just like many of the comments I want to do RE so I can spend more time with the kiddos..

If you want it to run well, you may be spending a lot of time at the property.

I recommend you speak with a lender about reviewing whether you could qualify for a loan prior to making an offer, as I've seen these kinds of things blow up.

I'd say start the process of securing your HELOC if you havn't done so and spend time analyzing deals and determining what type of investor you are looking to be. 

I know how to use the basic features of QBO, as I do my own expense tracking, but my Bookkeeper is needed for the more complex entries (Loans, capital balances, reconciliation, data entry from PM monthly statements.)I spend almost 8k per year in QBO and Bookkeeping costs (Not including my accountant or tax prep.)

Quote from @Roger Flot: I was reviewing some renovated listings in my area and one indicated that even though the house was originally built in 1920, because of all the renovations bringing the house to current code, that you could get 2024 rates on insurance.