Interesting you mention baby boomers and their homes...staying on the topic of my mom, she has way too much house for what she needs at this point...she's an empty nester in a 4K SF home...her plan is to sell the house and roll the equity into an income producing asset...another reason I think commercial real estate could see a boom.

The numbers I have run though it still produces cash flow.Also the owner is willing to owner finance, and not require 20%+ down like I would need through a bank.

He said he will keep financing as long as I keep producing.

Luckily, the cash flow is pretty good and one vacancy will not produce a loss for the month.1) Is there anything I can do now to protect myself from inheriting a non-paying tenant?

And whether I bought in Florida, Atlanta or Baltimore I would be hands on about it without taking anyone's word about how "turnkey" a supposed "turnkey" house really is, or what it will produce.

An expert trust builder/trust attorney providing such services can produce such a combination which allows assets and liabilities to be held in insulated compartments.I hope this sheds light on the subject.Just my two cents and for educational purposes.Big Henry

For the amount of equity that is tied up, how much income is being produced?

As you know, rents in DC are pretty high so finding an income producing property is not that difficult.

Reason being when you're showing comps for what your home leased for should you get ready to sale it, you can show how your property produced income vs. other rentals which were private pay.

If the two appraisers arrive at different valuations, then these two valuations shall be averaged in order to produce a final valuation.