Keep in mind some properties are economically obsolete … along with functionally obsolete.. be careful.. in this day and age with the internet and this irrational exuberance to be landlords there are not many markets that are totally under the radar that are viable.. 

You should think carefully about whether this sale will set your daughter up for success or will it continue to enable her so that she always depends on her parents to get by.

Does anyone have experience with Angie's List to select contractors etc.?

I could also borrow 50k from my 401k for a short periodBut I’m hoping I can just take care of it in one step with the refi

Part of the lending requirements is that they would like me to select a property management company prior to close.

Hi BP,I've heard too many horror stories on property management companies that are not doing their job properly (i.e. do not provide best advice on hazards, termites, do not try to save money when it comes to minor and major fixes around the house and in general do not act as the owner proxy and serve his best interest).From one hand, for 10% (especially on low income neighborhoods) I realize (but not understand) that I can not expect property manager to take care of my house as its own.

Hey BP community, I just recently purchased a duplex in Tulsa Oklahoma and while it's in fair shape generally, there are several smaller projects around the place that need to be taken care of.

@Ryan Perrone I'd suggest you be careful with STRs around here for now.

After explaining to her the situation and requesting she sign an authorization to release information form, she told me she did not care if the bank took the house and told me to leave.

My thinking is that there is room to raise rents, perhaps screen for better tenants that take care of the place and decrease the maintenance cost and get the NOI up above $100k/yr.I would appreciate any advise that anybody has to offer whether its something I am overlooking, something I should look more into or what your thoughts are regarding moving forward with this deal or not.