The property is close to train tracks, so some higher quality, sound minimizing windows will really help the rentablity of the property. 3.

@Alex Baev, I think the combo of providing fliers and handouts to the realtor and using the units as a selling point along with minimizing the appearance is the best way forward.

. ~ For the past 11 years I have been a buy and hold investor however I have always bought with three rules to minimize risk and maximize income and liquidity.1.

While I would certainly not force a lady that old onto the street, especially given that she's done nothing wrong, she does have a place to go and I expect her to keep her commitment.In the short to medium term I can keep this afloat without the income, in the long term, I will end up defaulting if I can't get renters in there so I do have to take this seriously.The idea is to put pressure on the family to get them to stick to their commitment while having a minimal impact on the elderly lady.I guess what I'm looking for is to hear how other people would handle this complicated situation.

It will take a little time after purchase to get it ready and find a tenant, but then the work is minimal ... providing you have a good structure and mechanics, and a good tenant.We have purchased rentals that need a substantial amount of work as well, that we could do ourselves to keep the costs down.

I wanted to know what would be the best approach to minimize the tax implications on a wholesale deal.

To minimize the amount of time she invests making arrangements and then showing a unit to individual potential tenants, when she has a vacancy, she has *one* open house (posts date/time on Craigslist) and is done with it.

It's totally false that you need 2 to 3 credit cards and lots of debt and pay it down each month, I've found a way to keep it minimal and still have very high credit scores.

@Joe KatoThe goal of being a landlord is to get the rent paid on time every month and to minimize maintenance and capital expenditure (capex) fixing the units back up.

I agree - $250k is very minimal for retirement.