Not only that he gets stepped up basis and sell with no tax  double check that with accountant but I think that is correct.. then take the cash put it in 5% gov bonds for now then get up to speed and see what you really want to do. 

Sellers are still paying the agents at the same rate as they were before.

I have had every one of the above come into play, which has caused the timing of exiting the asset to take longer than anticipated.

She manages the property by herself and it's successfully pulling in 125k/yr.

Quote from @Stephanie Cruz: This is the first post I clicked on this forum and I felt called out, so I added a photo and a bio.

I always suggest to come to Pittsburgh,  check out the topography, infrastructure, economic opportunities and of course a sampling of properties. 

Work with an investor-friendly agent, explore up-and-coming neighborhoods, and consider value-add opportunities.

The ghetto.

They will be the ones that will get you into the deal.

Your insurance is going to be highly variable and I wouldn't use what an agent or the seller tells you as the cost of dwelling policies have increased substantially over the past few years due to rising new construction costs.