I wanted to get some perspective on how difficult it is to invest and manage properties that are not in your immediate area.

I would appreciate your perspective. 

That information and your perspective is very helpful.I love the goal of 10 house hacks in 10 yearsI really appreciate your sharing that few calculated, when I get back to my computer I’m going to dive in, it sounds greatAlso, your point about the 1031 makes me feel better about holding.

@Arty Fresh  No, Uber and Tesla don't 'make' any money and they have plenty of cars, buildings, computers, etc. 

I think that the problem you're having is mindset and perspective.

Minor repairs to a few small holes in the drywall from kids, fresh paint inside and out, and new carpeting, probably less than $5000.

And, since this income was "realized" in 2019, I am including the $6K from this exit as cash flow for 2019.Interested in the perspective of both LPs and GPs in syndications.

If you wish to start with a fresh lease with new terms, you could do that too.Keep good records.

If you did not have a business tenant the space would be vacant.There are some businesses that own the business and real estate and choose to (sale leaseback) offer a lease with terms they want to a perspective investor buyer.

Us taking over will solve her financial situation as well as give her the ability to start fresh.