I work in the area regularly and it's not the best neighborhood but you're not planning to live there so you should be fine.  

I'm not suggesting you just pop on your phone and do a random videos; but it doesn't cost much to get a logo made (check 99designs) and get started on a legit online marketing plan.We work with bird dogs regularly.  

A few years ago I rolled over my regular 401k into a self-directed solo 401k.  

I wonder if the IRS would be cool with me paying him $10/hr if it's well documented.By the way since my regular handyman is on vacation, I posted a video  http://youtu.be/cJ765R5e1-M detailing the problem with an offer of $100 on Craigslist.

If you are under age 59 1/2, then there is a 10% penalty as well.A self-directed IRA functions just like any other IRA as far as interactions with you; contributions, distributions, timelines, beneficiaries, etc.  

There are 3 types of zoning here, "regular rental" (just as it sounds), "regulated rental" (max 5 occupants, in rooms- typically for student type housing), and "rooming house".  

If you visit and don't have the desire to interact, then I say tell him to sell it / 1031.NOTE: Multifamily in many markets is being purchased by new buyers at historically low cap rates (5-7% = net income / price) so it may be a perfect time to sell if you can't imagine owning it for 10 more years.

It had a long history of no payment but it has had approx 5 months of regular payments. 

So this would just be a regular cash out refinance.

@Jane Jones Your best case for negotiating the rent down is to pay the $50 for the background check/income verification check and let them see how qualified you are.You have to understand that PMs deal with tire kickers on a regular basis and they have an application process for a reason.