Property is located on a spring lake  and comes with a large corner lot that can be built for additional rental , a separate 1200sf workshop or 4 car garage  which can also be converted into another house if needed .

I could look into converting one of the decommissioned units into an onsite coin-op laundry for additional income, or convert to rentable storage.Unfortunately, I have to supervise a job this evening and have a prior commitment tomorrow evening, so I will have to just do my best to make it to the next meet-up, I think that they are fantastic networking events and I'm doing my best to spread the word to friends who are interested in real estate.

MattYou are right she did mention she was going to be converting the property into a 3 bedroom.

., 3 mailings).Some of the people I know that are successful with probates actually research the estates and call the executors/PRs.Any communication needs to be super professional - you provide a service to convert real estate to cash, with very little hassle.  

He thinks he can convert to condos, then 1031 the proceeds from the individual condo sales. 

Initially partnering, then eventually converting a few key people to employee status with significant per-project bonuses to align our incentives while retaining the knowledge of how we do things.8) Rinse and repeat in other cities, based on how quickly the business can expand, vs. the amount of risk that I want to take on.

3) Or convert my $250K+ Rollover 401K into a Self Directed IRA to purchase the unit?

Has the street main been converted from lead?

Another good option, if you do decide to convert to a self-directed IRA, is to be a hard money lender -- that is to lend out your money to real estate investors, secured by property, at 8 to 15 percent interest.

There is a push to convert all properties eventually to city and do away eventually with septic systems and wells.