It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

@Kimberly PittmanWow, it sounds like you’re far from being a newbie—you’re a rockstar!

Sounds like you've stumbled onto a tremendous investment opportunity, if you're willing to take on the rehab risk you mention above.

A low maintenance condo rentable to good tenants sounds like a good starting point to me.I’m 56 and reasonably setup for retirement, so real estate is a stabilizing diversifier for me.

Sounds like a Tony Robbins kind of thing.... :-)I agree though - get them involved in a real way (having them help write/advise/ formulate the goals) this will get into their heads faster than just plain talk.I would add this: maybe for the second 'meeting', go on a Field Trip!

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Sounds like there were some lean years but your persistence has paid off big time in terms of appreciation on both rents and home value.

Without more info this sounds like a less than optimal deal.

It’s generally better to pay taxes, especially if it’s preferential LTCG treatment and make a sound investment with cash that remains than defer and make poor investment decisions. 

The house itself sounds like a winner - you've got 340 in the house, it sounds like (315 you paid plus 25k of your own cash) and you got an appraisal at 515 - that's 175k of forced appreciation.