If you are high income coders you will find a new high rise to lock yourself inside secured cameras and triple gates like in downtown.

If they're mid-sixties they are or should soon be eligible for social security, if they're covered. 

Generally week one would consist of securing the property,  starting utilities in the correct sequence according to season, insurance and any urgent repairs. 

Only owner occupants can claim homestead exemption as well as only one per Social Security Number.

Or diversify and invest outside real estate to increase returnes.I think it depends on where the asset is located IE here in Portland a red hot market and historically solid ( at least sinc e1992) or take the 50k and invest in the hood somewhere in the mid west.. me i would recast the mortgage.or take the 50k and invest in a reit or syndication deal etc.. and diversify or buy a performing NOTE that is solid and make 8 to 10% on that.then the thought is if you buy a rental do you want to do that for long term as this is work.

We are in the midst of securing a HELOC that we intend to use to pursue a BRRRR deal(s).

Your account number really isn't that big of a security concern....

A seller is not going to entertain an offer without a prequalification letter or a proof of cash funds - how do they know you will be able to perform at all? 

As a check spot check, we recently secured an off market property where previous tenant pulled all plumbing and wiring through sheet rock which required a full house re-plumb and re-wire. 

Brian...thanks..... if you buy a note and get a deed transfer it works easily once the banker or lender agrees...might take a few arm twisting but they do not want non performing notes at the bank.Pretty easy really...and gets a owner off the sherrif sale hook and the bank is finished with a deal going bad fast.