Like I said, I have no capital at all, and my assets are minimal.

The house is in very good condition and there is minimal deferred maintenance.

Take a look at the expenses: are there ways to minimize maybe by offering a cable package or from Water Bill perspective, installing water-efficient plumbing.

It's a newer condo so repairs are minimal (appliances here and there and a plumbing issue here and there).it's in a good school district so it should always be easy to rent, but value is very flat so appreciation looks like it'll be minimal moving forward.Thank you!

Kier,Thank you for the information you provided recently regarding equitable interest.Guidance the Department received from the Virginia Office of the Attorney General indicated that equitable ownership exists if there are no further terms or options to be met or exercised by the individual attempting to acquire the subject property within the contract.

I know all of this to be true but am no way qualified to give real life numbers and that is what my parents will require to do anything other than just making minimal updates to allow the property to limp along.

Frank:As indicated in my response to your PM, I know the building well (and have one like it in the neighbourhood).  

We just realized that we need to do our part and minimize exposure.   

If anyone has any advice to make this process easy with minimal risk, I would appreciate the info. 

Keep in mind you will turn this list every few months.If you're main focus is fielding the requests to minimize your involvement there are services that can handle that for far less.