@Hobie Day, crazy how an old thread can gain new life when people come across it.

I already have a life insurance.

Foundation has several vertical cracks.Been vacant for a lot of years.Because - and only because - the inside is in great condition AND it's 10 min from major skiing, water parks, hiking trails, brewery, wedding venue, Adirondack trail, and some other fun stuff, I am seriously considering it and everyone in my circle is telling me to walk away.I've gotten quotes so I know the dollars for septic and foundation.

Here is an example:50% - 50% split of cashflow & equity - partner 1 finds the deal and funds the deal, partner 2 rehabs the deal and oversees property management for the life of the deal, partner 1 manages the realtor to sell the deal.I would greatly appreciate your input here.

And your preaching to the choir If I never have to talk to another tenant or PM in my life I will be a happy camper brain drain to me is not worth being in that business.. but that's just me and I know this site is heavy to landlords I understand that.

Hi @Daniel Thomas,Make it a condition of the sale.

I would not be looking at buy and hold to create retirement income stream at this point in your life. 

On3 thing yo7 May want to do in the future is actually get n your car and go check on your properties condition.

I plan to offer a very discounted rate for incentive, allowing them to see how practical it is and how easy it makes their life!

The deposited funds can be used for signature loans on certificates of deposit, loans on the cash value of life insurance policies, or loans secured by 401(k) accounts."