Explain to them that if they sell, they likely will have substantial tax consequences but if you inherit the properties, they are "stepped up" on the tax basis.

This is not ideal, however, and makes it a little harder to substantiate the fact that it was intended to be a rental property, but it's not impossible.

If you are are looking to reposition land or obtain approvals for higher density, the returns can go up substantially. 

Make sure that you are adding a substantial amount of value to the property so that your refi will get a good chunk of your initial investment back.

I then offer a tad higher then I put that I will pay X amount over the next highest bid.. with or without a cap depending.you have to size up your competition.. in some markets 500 bucks is a lot of money and you can get it for small change.I won one in Charleston SC this way.. and we are closing next week and made a substantial profit.. so to pay a couple grand more was smart move..

Alternately, if I were still doing lower dollar out-of-state flips, I couldn’t imagine working my brains out to make $12k on a $100k ARV property and would expect a substantially greater discount to the ARV minus repairs.Dollars are what you put in the bank, but the percent profit represents your risk.

I'm trying to see what the best way is to get a substantial set of emails for high performing agents in Louisiana. 

More people are choosing AirBnb instead of hotels which will cut down their costs substantially.

But Given today’s low-rate environment, I would refi over a longer term (amortized over thirty years) pull out a substantial amount of cash, the longer amortization period would keep your payments low and you would still get a good rate (probably nowhere near the rate you are at now on the 15-year amortization though) and go reinvest in some other property(ies).

I know you have your coursework to worry about, but (I'm assuming here, based on my college experience) you probably have less urgency at this moment for substantial income.