It needs new plumbing (cast iron), electrical, kitchen, BA, windows, doors, refinish floors, appliances, possible roof and remediation of a bunch of health inspector code violations.

This is my first investment property purchase.Location: Sugar Creek (right on the border of Independence, close to the intersection of highway 24 and Sterling Ave), neighborhood rated B+, low/no crimeProperty: Built 1917, 6 bedroom 3 bath, 2 story, 2,200 square feet, 2 car attached garagePlanned Renovation: New tile flooring in kitchen and baths, new countertops, new carpet throughout, appliances, new light fixtures, interior paint, exterior pain, new water heater.  

I am 60 and had some health issues.

I actually think this will attract tiny home and higher-end mobile home interest.3) Baby boomers forced to physically downsizeMobility and health changes force some to move to easier units.

I understand his pain but still encourage him to sell and avoid ruining his credit.

I hope it works out without being too painful

My wife, I and our newborn daughter live in central Arkansas where I work as a full time Mental Health Therapist.

I don't really want him leaving much earlier than that since filling a vacancy in winter is kind of a pain.  

I am currently working a full time job in health care, but hopefully not for long.

I doubt she will ever let it go if you go through that kind of pain AND lose money.