Or another way is to bring in the realtor, to broker the deal for a reduced commission so none of you guys have to deal with any of it, and you know it will all run smoothly and efficiently.

That increase in equity has actually reduced the value of your equity.4 - When you sell the property, that $40k is now converted to cash, and moved forward into another property at, once again, worth 5 times the equity (Now $200k).5 - Also, if you were to buy 2 properties just like the first one, your Cash flow should also double.The value of real estate isn't in the cash flow and equity. 

Utilizing the benefit of someone else's experience greatly reduces your learning curve.Define your goals.

The bulk of those new immigrants will put significant upward pressure on rental rates thereby improving values for the landlord class.

If the seller is able to move out sooner, closing will be moved up, reducing my risk, and more cash to seller Lessons learned?

Granted, this is as much business as real estate, which is why at my advanced age and reduced energy level I’m not interested in doing it myself, but they showed me their financial statements for the operation and I was impressed.   

@JD Martin Bulk it together on one 4562.

Clean and Green means I have reduced taxes in holding the property, back taxes would be due if it were to be developed (maybe $20K).

I just made it a point that the SFR's that are being purchased in bulk by hedge funds and private equity are much lower than the boom years.

If the minor child spends extended time at the non custodial parent that parent may not have to provide payment during that time frame, thus reducing the amount of income for your tenant during the time the child is away.