@Steve Vaughan, thanks for the tip, I wouldn't have known anything about that!

Tips?

I am looking for some tips, advice, insight whatever, on a problem that my company is facing.

This is one where you would want to be careful with your loan contingency.

Take Care and Happy Investing!

The $510 decamps to $208 for the HELOC payment, $75 for lawn care/snow removal per month, and $227 monthly in owner paid utilities -quoted by the utility company- I plan to manage the property, but budgeted for management expense anyway- Furnace and roof were recently replaced- Loan terms are 3.75 with 3.125 points (included in the $7k closing costs above per the bank) - 30 year mortgage- My goal is to buy and hold with an eye on retirement, but of course I'd like to cash flow now. 

To ensure if I am gone that my family is well taken care of financially.

You're part of an awesome community here, so feel free to reach out to myself or any of the members here if you're looking for some guidance, tips, or pointers.

Thanks guys I appreciate both of your tips and as I progress in my hunt I will be sure to ask questions as they arise.

Grass was very long, siding and windows a bit old and it just looked like the owner didn't care about the property anymore.