Dave Foster is right - value is definitely in the cash flow and leases with high quality tenants.Nothing wrong with going direct investment route either.

Do you mind if I speak to them about you?

I will do a short term (week or so) hold agreement with a non-refundable fee that becomes the deposit if they sign the lease on the agreed date.In your case, I'd speak with my landlord/tenant attorney and get an understanding of my options.

I would speak to a lender..I am also in the same situation and at this moment trying to see what my property is worth or appraised for..

@Bruce Scannell - If you PM me I will send you a quality introduction.

Tenants lease is up in a couple ofMonths and they said they probably need about 6 months. 1) does the lease you have them sign expense licotoy speak to the cost orndo you dealnwirh that when the time comes?

It depends on the age, current condition of the property, and quality of tenants.5.  

And for a mere $50,000 most real estate attorneys will give it a shot with no guarantee of the outcome.Do not assume the investor said he was an attorney until you speak with the investor and see the paperwork.

So got some time left Seems right - on track for 2020 to 2022 recession, depending on macro (jobs, tariffs, trade wars, wars, winning etc) and local conditions (RE is local - so oversupply, quality of housing stock, employment type and  opportunities in high tech etc)

This house seems like it was one what was put together quickly and not very good quality so things are breaking pretty regularly.