Had a very uncomfortable telephone discussion with the sales guy, who acted as if he was a coach.

I had rented other houses for years leading up to my buying one, so I knew the routine here in Michigan.

I just need to weigh out the risk, and to me the risk seems like un-comfortability.

Although, I have to admit, I'm still a little uncomfortable, since the house is 4 doors up the street from my primary residence and I see them occasionally driving in the neighborhood.

It sounds like a family affair that went bad and the aunt doesn't want to talk about it b/c she feels uncomfortable with the situation in the first place.

Minor stuff such as tenant turnovers and routine repairs will be an "allowance", so you don't have to project them specifically, but you will need to plug in an "allowance" for them because you will need and use it.Who is going to manage it?

I am reaching out to all local and out of state investors whom are looking to acquire property management services in the central Indianapolis area.We have 5+ years of experience finding, vetting and signing tenants, performing routine maintenance, scheduling contractors and service individuals, and doing routine bookkeeping and accounting.We use a thorough screening process to find the best tenants for the properties we manage including credit, eviction, employment and criminal background checks.

Hi Jack, I have copied a brief article that I wrote on holding periods, so hope this helps:Holding Guidelines for 1031 Exchange PropertiesWhile the Department of the Treasury Regulations and numerous rulings make it very clear that you must have the intent to hold your 1031 Exchange property for rental, investment or use in your trade or business, they fail to define exactly how long or over what period of time you need to hold your relinquished properties or replacement properties in order to qualify for a 1031 Exchange pursuant to Section 1031 of the Internal Revenue Code or Section 1.1031 of the Treasury Regulations.Property Purchased Just Prior to 1031 ExchangeThe Internal Revenue Service has routinely taken the position if you purchased your relinquished property just prior to your 1031 Exchange transaction that you have actually purchased and are holding the property for sale (inventory) rather than holding it for rental or investment.

You still have vacancy, property managment and routine maintenance.

When you start doing repairs you're talking $1K+ if it's more than just a routine service/cleaning/charging.