The house was a classic grandma home so either a cosmetics job needed for a rental or a full gut for a flip.

There may be an opportunity to do this as a blanket loan. 

There just isn't the market appreciation, population growth, or job growth in the area to make me take a hard look. 

Feels like Partial 1031 Exchange would also be an opportunity, correct me if I'm wrong @Dave Foster, if you continue to rent out the property after the sale. 

Currently, I have one LTR and aim to scale my portfolio while maintaining my day job.  

Those investors see the tech job growth and see value my market. 

This occurred long before automated advance electronic payments.Interestingly, I never rented to nuns before, I learned that this nunnery doesn't issue paychecks, as the convent provide jobs, housing as well as food at the convent.

I have enough rentals now that I have quit my job as an electrical engineer.

You'd pull 10% of THAT to cover your expenses, and your account would keep growing..Look at your opportunity cost / alternative investments...

(My company has it’s general liability insurance, of course.)So, this is a temporary arrangement, at least for now.He will charge a fee to pull permits and to do periodic inspections to make sure my subcontractors are doing quality work but I will be project managing the entire job and handling all components of the renovation from design, floor plans, estimating, purchasing, hiring and overseeing the subcontractors, etc.The general contractor and I are regrouping next week to discuss what he would like to charge and I just want to get some feedback from you experts before we meet.