Problem is, there’s a reverse mortgage with a $106k balance and the home is in excellent condition with a newly updated kitchen.

@Masud Khan Is the place newly renovated or outdated?

Also, my comments are based on my extensive experience in NYC plus the original poster said the hallway is newly renovated.

(Purchased the house for 290k and added 40k for reno) From there you can decide to live in the upstairs suite or if you really want to save, live in the newly renovated basement suite.

Launched a company, put together a team and currently in process of developing our first tiny home community here in Colorado!

For areas you are newly researching, save those links and check back on that area every week to see what's actually getting rented out.I also tried tracking FB marketplace listings but found so that most listings are months old... not too helpful, maybe just the areas I was looking in, though, so worth a shot if you haven't yet.

Be aware of elevation if considering any properties near the area, as I watched many homeowners over the years take hits on their homes, being unable to afford newly required flood insurance and unable to sell their homes even at a loss, for this reason.

Like @Jonathan Taylor Smith, I also require newly inherited tenants to sign my (month-to-month) lease as soon as their lease expires or the first time they violate the terms of their existing lease-- whichever comes first.

Hello - I am a newly inspired soon-to-be investor living in Napa, CA. 

Hi, my name is Monique and I am a newly graduated dentist.