Perhaps a nice 1950's built bungalow.Always hire a 3rd party property inspector to give you an unbiased feel for the home.

Somebody get this guy a park bench to stand on.

We are moving out of our primary SFH (bought 6 years ago) in the Campbell area, and are deciding between selling it or letting it out for rent (fully managed by a third party ~ 7% fee).

I have done this in the past when visiting other cities and both parties came out with valuable knowledge and potential business opportunities.My background i have 30 Airbnb units in Chicago and run my own property management business here.

If you are meeting and or exceeding expectations it is always worth having the discussion to be sure both parties are aligned and feel good about the working agreement on a recurring basis.

Federal rules state a payoff demand must be supplied within 7 days of legitimate request (unless state rule is more restrictive) so, again, chances are slim to none that you can put a deal together that quickly and even if you could, would have to be an all cash deal with authorized parties (Daughter as documented legitimate successor in interest).

You can offer to pay them, but a lot of contractors I know are busy and wouldn't want to waste time looking and bidding on a project they will stand no chance of getting.

Do you need a lawyer to create a contract between the two parties?

For the most part, I don't think the major risks are as related to a general market crash as much as they are the specific market the properties are located in.

We offer a number of options, including collecting a new payment from the tenant, before we get anywhere near sending the uncollected funds to a third-party for collections and reporting.