There was an article published in Sept 2024 that showed the average consumer would save over $10,000 by working with a broker vs a direct lender over the life of their loan. 

I’ve come to think of this period of my life as my real world MBA, and view my laundromat as a fantastic starter business.

I already have money left in the property and hesitant on sinking anymore in.  .If there isn't much equity, and there is so much to fix to make it livable, why not do a "deed in lieu" with your lender and move on with life?

You are a high w2 earner, The house is worth 110k today, you are buying from your grandma for 60k in exchange for free rent for life, upside ARV of 200k.The costs of owning the house will help provide tax relief on your high w2 earnings, you are buying a great chunk of equity that will pay off in the future, and you and your grandma are doing each other solids. 

Even with the discount, the investor will be a life style investor who wants to own in PR more than optimize return.  

For family life, there are great communities with good schools and a lot of kid-friendly activities.

When you move out you begin to experience POSITIVE CASH FLOW in which your tenants help you buy the property.....where eventually you own it out right, and now it becomes like a pension..........Predictable and Sustainable income for life.   

It frees you up to focus on living your life and acquiring more property.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

.• Use some equity from the sale to make this transition smoother.I’m torn between maintaining our current home as an asset and buying  a new smaller house to use as a rental after we move back in versus simplifying and focusing on a single upgraded property Considering factors like market trends, potential equity growth, and quality of life, which path do you think would be most beneficial?