Because it is such a small property and close by, I don’t mind managing it or dealing with the occasional call from a tenant complaining of loud electric humming throughout the building, only to find out it was a side effect of new blood pressure meds!

You will have to sell at a rock bottom price, but at least you wont be opened up to liability anymore.Good luck.

@Benjamin HurwitzThanks for your response, this deal was funded by a friend........Didn’t want to find rehab and didn’t send second lien, so kinda put me between a rock and a hard place!

For instance:  Little Rock, Arkansas vs Nashville, TN — LR’s populations (painting with broad strokes here) largely lives in Little Rock because they are from LR or from the region.  

Investment Info:

Single-family residence wholesale investment in Bauxite.

Purchase price: $180,000

Sale price: $199,999

3 bedroom
1.67 acres
Fenced in

How did you add value to the deal?...

RE income is classified as passive but owning rental properties is not a rocking chair activity.

Hi:I live in Rock Hill, SC and have attended a few of the York County tax sales. 

So I have pergo outlast in one of my rentals and I love it with the exception of how loud it is.

My brother (whose name is also Paul, by the way) and I rocked bunk-beds until I was 10.

Investment Info:Single-family residence buy & hold investment in Blowing Rock.