I self-manage and produce $700 in pure cash flow each month.Lessons learned?

@Mark Allen Hopefully, this gold mine is still producing.

The PM may not like having repeated police reports filed, but that's their problem and they can sort it out.Best of luck with it!

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

My current focus - what is the process once a family member/individual has passed and lets just say in a perfect world probate has been filed and the respective family is now thinking about selling the property.

Adding amenities like power, water, and a barn or pavilion could increase its value as an event space.Farm-to-Table Experiences: If agriculture is possible, create an on-site farm-to-table business where people can visit, harvest, and eat fresh produce.

If you go gung-ho, follow substitute trustee (S-TR or equivalent) filings in your county. 

A lot of subs want to get paid quicker and don't want to file and say you won't get caught for some things, but you will.

A deal that produced a 25% net IRR to investors with a 1% acquisition fee, 1% asset management fee, simply pref + single tier waterfall, etc, may only produce a 15% net IRR under the current fee and carry structure, if their acq fee went to 3%, pref went down, they now have a GP catchup and multi-tier waterfall giving them higher splits for higher returns, etc.

Do you have any other income producing assets?