Their sky-high value will begin to decline at some point.End of year I am grossing $25k each unit, and netting $11k on the paid off unit after taxes, insurance, HOA fees and modest repairs.

I guess I’ll leave off with a couple quotes I enjoy. 

I'm curious to see if any of the utilities are on, how much is due, and when they were turned off. 

Hi,I have found an off-market opportunity in my backyard. great market, sfh, needs midrange rehab, appliances being the most costly, that i can see. 

@Dan Thomasnot sure if your comment was meant for me or not, but I think you and I are agreeing.the toughest deals make the best BRRRRs, whether on or off market. 

Now, if you are setting up a vacation home in Palm Springs or similar, I would assume the decor is going to need to stay quite current with popular trends, so buying antiques off of Facebook probably isn't going to work.  

I anticipated that this might put off investors and sound odd, but if you saw the exact location, you'd understand my reasons. 

So instead of gifting me the property she is deciding to sell me the property for 100k which is what she owes plus interest and that would pay off the reverse mortgage.

If you don't pay, the property can be auctioned off and you will lose all equity you have in the house.

I had a tenant on Cozy, but when she set it up, she had it come off her credit card, not out of her bank account.