It's frustrating to have all that equity just sitting there.

You are sitting on a gold mine.  

Ten years ago, he/she may not recall the location of everything.

Currently sitting in on some reserves but I’d like to put them to use .

Maybe you can find an investor who won’t mind their money sitting for a while.

With your income you should be able to do all of the above anyways so congrats on the success so far.I appreciate your reply - only debt I have is a $350 a month car payment, I will most likely keep the home for another year or two then turn it into a rental for 3 years and then sell before the capital gains monkey catches me (2 out of 5 years  I think) So it would make sense I think My emergency fund is solid as my rent is covered mostly by roommates and having 60k just sitting in a .5% interest account is secure enough to last me 3-6 months (truth be told 20-30k is more than enough, I live really low) 

I know there are lots of deductions that minimize/erase the tax burden, I’m just not sure if money sitting in an account for the above expenses is also taxable.Thanks

They're certainly lower cash flow in year one, but should provide better total returns in the long run.Third, any home that is sitting on the market more than a few days probably has one or more major problems.

House is worth about 200K as it sits.  

I've had an eviction in the past - relatively inexpensive, I don't recall the exact cost amount (I think it was around $1200) and took about 30-40 days.