Investment Info:2 BD/1 BA Single Family Home in Evansville, IndianaPurchase price: $66,016Cash invested: ~$25,000This is a turnkey property that was purchased initially at $70,000, however due to some repairs that came up on the property inspection report the price was amended based on the cost of those repairs.What made you interested in investing in this type of deal?

All the deposits initially go into one building checkbook as a reservoir.Thanks,Dennis

This allows you to greatly leverage your initial investment over time!

I would be happy to chat with you if needed - I have a SFH rental in Crestview and my maintenance was way more than initially budgeted for. 

I would initially ask them if they recommend any commercial insurance brokers that can help you out.

Because the original agent showed you the property initially, they would receive a fee.

My initial though is....dumpster everything but jewelry as I don't want to deal with the time it take to sort things.Can you donate it and get a huge write off from good will?

It’ll make her feel like it is more of her home and maybe she will will stay longer after her initial lease has expired.

Again, these are things you will figure out with time, but that is just my initial take on it.

My initial plan is to get rid of one car loan ($6,500)(since the other one is a lease), and get rid of two credit card balances ($20,000 total).