Because of this your cash on cash returns can get close to 100%! 

So when I returned home I went to check and both locks were functional, though I didn't open the door because I didn't want to trigger the security system.

Since this is a major operational transition for me, I want to get it going on the right foot  and will probably return with more questions :-)Thanks!

There could still be a lot of money to be made and if the deal is there and you will still make a good return after taxes, then go ahead and do it.

Should I create an LLC for each house, or just take the cash and return the money with a return?

@Johnbritt Thanks for the reply, can I ask what ere the refinance returns that this investor received.

Although I agree with the comments that BRRRR'ing is going to provide higher returns, that's always true but not always practical (I'm OOS).

But to sell and get almost nothing in return, doesn’t sound like a great plan Keep them as renters at current market rents for as long as possible, then get new tenants when they move out.

The "problem" is that the returns are less than something that is 3-4 bedroom and caters to families and tenants with subsidies.

Dealing with properties 5hrs away causes too many problems for not enough return.