A bit of advice to new agents and aspiring real estate professionals, FIND A MENTOR WHOM YOU ASPIRE TO BE LIKE, FIND A FEW SO THAT YOU GAIN MANY DIFFERENT PERSPECTIVES ON THE PROCESS THAT THEY TOOK TO BECOME SUCCESS.

Recommend professional evaluation and repair which may include perimeter drainage and sump pump, sealing the gaps around the main drain, and adding New Vapor barrier and insulation.

(*Relatively high compared to what we see from "professional" management companies and compared to most of what else is available in the sandboxes where we play).

Readers are advised to seek professional advice.

These are professionals with additional training and a stricter code of ethics.

My tenant (single professional) has occupied the home for a full 2 years now.

Be a sponge and take notes.Third, consider joining a local real estate investment club in your area to network with other real estate investors and professionals locally.Finally, bring your deals here so the more experienced investors can help you get your deals done right.Happy to help in any way I can.

I think the bigger the property the more professional you need to manage it, this could be challenging if you cant figure that out. 

Do your due diligence or ask a property or legal professional for help. 13.

I was just presented with a VERY similar situation @Matt Tobler (grandma is going into assisted living, family is looking to sell -- 60,000 purchase est. value 100,000)I have the cash for the purchase, great credit and income for the subsequent refinance, a team in place to help with a fix and flip exit strategy and also a rental portfolio that is professionally managed for a hold strategy.