@Justin Wragg the numbers sounds appealing as any investor would jump on this opportunity I would re run the ARV/COMPS again and speak with some agents to ensure your on track.

Any income property that is owned free and clear is losing money based on the opportunity value of the equity.

WI is a hot plate of rental properties right now much opportunity I hope you take massive action 

Sounds like more trouble than its worth, and there are better opportunities out there.

Is it fairly rare yeah will it creep up in value over the years yeah but the reality is the real estate market offers a much more lucrative opportunity.

I have had the opportunity I just don’t feel compelled to drive two hrs when they can send properties via email.

Eminent domain is the basis for condemnation proceedings.encroachmentAn improvement that intrudes illegally on another's property.encumbranceAnything that affects or limits the fee simple title to a property, such as mortgages, leases, easements, or restrictions.Equal Credit Opportunity Act (ECOA)A federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status, or receipt of income from public assistance programs.equityA homeowner's financial interest in a property.

I have an opportunity to buy my first flip — off market house from an elderly person moving into assisted living.

Is there an opportunity to upgrade the interiors in order to raise rents?

I really believe you need to pull yourself out of your dilemma with a job, hard work, and fiscal discipline.