I bet you are in this for ~$15k range when all said and done.  

I bet more than a few times stock investors had wished that they could force the value of their stocks to go up :) The downside is that forced appreciation takes work, so you have to factor to what extent your returns are from your labor vs from the investment.

I don't think she'll try to fight it, but she's so lazy that I bet she'll still be here in 90 days.

How is the park late at night versus during the day? 

In fact, it may take more work to manage a tenant/home that pays $1000/month versus a tenant that pays $2000/month.I finally found a property manager who charges a flat fee of $75/month!!  

There are limited stakes ($25) max bet.

I'm not sure how the LLC was set up but I bet you've got questions so get them answered. 

I'm betting that we see prices increase for next 2-3 years while the area continues to gentrify and then there will be a strong correction.

Your best bet is to value it like a credit card debt, and you know how discounted those are.Maybe someone else can chime in.

But really, there are going to be a lot more numbers involved with this investment, so the best bet is to start off the conversation with a lender.In the meantime, do a little research to see what your homes might be worth and what you could potentially rent them for.