Close in a exterior area and make it into a air conditioned workout roomConvert a garage into a large living areaRepaint outside of the houseChange from typical arizona rock yard to grass in front and back yard.

A vendor bounced $16,000 in checks to me which caused issues, 2-3 months without an income using savings to survive (barely), Irma trashed a $36,000 contract; you get the picture.I've never missed a rent payment, the house is going to be left in better condition than when I moved in.

In addition to what Ned said, I recommend walking the potential renter to their car and seeing what kind of condition it's in.

I don't think there is much you can hold the old owner too. the proper way to handle this would have been to request the house be delivered vacant and then refuse to close until its vacant. you accepted the house under the condition it was, which was one room rented out. you now have a tenant that is refusing to pay rent. you will have to lawyer up and evict.

Life Insurance spreads are in the 130 - 170 space so mid 4%'s and mostly lower leverage deals.

You could be one year into it and may have something pop up - divorce, change of life situation, etc. 

The new generation of investors, exposed only to crowdfunded deals as they are, have been conditioned to expecting immediate passive income gratification i.e. current pay on preferred returns. 

I am starting life again at 45 after living a life of wasteful spending.

I am losing money, also I don’t know the condition of the place what other damages may be there, and I have a person that wants to buy the property as the market is very hot at the moment.

it is also depended on the condition the unit.