Sounds like you need to partner, or give the lead to an experienced investor for a bird dog fee...

We sound like the start of a bad joke:  A retired attorney, and two Property Insurance guys walk into a bar... 

Sounds like a great macro-level plan! 

Trust me on this: you will always be able to tell professional workmanship.This same principle applies to most labor, whether it’s replacing a foundation or painting a wall.

Sounds to me like the neighbor has a "dream" of buying the house but isn't in a position to do it now. 

., sounds glamorous, right?  

When was it last replaced if so?

Account Closed - wow, depreciating the whole amount sounds too good to be true.  

Sit down and figure out what your goals are, that may help you decide.Do you want a steady cash flow to replace your income?

Tim Lol that story Sounds Familiar :) Hello an welcome to BP I would recommend Joining some Meetups an your Local REIA Club in Indianapolis as my Friend Mr.Alain Stated there is a lot of great People an Opportunities on here but you will need a Mentor to guide an cut your Learning Curve Good Luck.