I will tell you that those nerves are normal and it means you are thinking carefully about the decision and understand its weight. 

You should be inspecting the property at least once a year to ensure they're taking care of it and you want to keep them around.

Just be careful as it amplifies your gains AND your losses

Be careful what you write but it could be the difference if your offer is close to the next best.

If I was planning on building new why would I care if the old foundation is terrible it's going to end up in a landfill.

Need to be careful not to blow the corporate veil if it’s in an llc. 

Finding deals for other real estate investors by bird dogging and wholesaling are other avenues you may want to pursue.

An easy example of this is that your tenant owns a dog know to you to bite and you did not try to have the dog removed.

I think you will need to speak with an attorney to see how much they will charge to take care of this and then figure out how much it will actually reduce your taxes by.

IRS rules prohibited any direct or indirect benefit for such person from his/her retirement account, and as such you are not allowed to furnish any service, goods or facilities to your 401k:https://www.irs.gov/retirement-plans/plan-particip...While in some instances it might be possible to get into an investment together with a disqualified person you must be very careful!