His sister is the executor of his will and is staying at his home to fulfill all of the end of life obligations that he has.

In the higher end markets deal life cycles would cost 100k+. 

Do you have  a While Life policy you can take a loan out, although I’m totally against them.Do you have paid off cars or toys you can hock?

That person already had that money spent in their head even before the property is sold

In my definition of a "good tenant", they are people who work hard to have choices in life.

Consider elements together with way of life choices, location and marketplace analysis, property condition and protection desires, property control, and legal and regulatory concerns.

Fast forward to the present, and unfortunately due to hard times, I've since lost almost all my life savings and am long-term unemployed.

I personally think there is a sweet spot of deals in the $2m - 8 or 9 mil range where institutional people shy away as it's not big enough and it weeds out a lot of other smaller investors. 

I joined this group with the hopes of starting a Real Estate Investment business soon so that I can step away from the corporate life I have lived for more than 30 years.It's time for me to try something new...oh, where to begin :) 

I am a handy person who would be able to perform much of the home renovation myself.