@James Hawkins cash out refinances will never have your physically coming to the table with money for closing costs unless you don’t get enough cash to cover.

I anticipate that property management can handle somethings, but do I physically need to be near to get in the game?

I figure I have ten more years before I'm done, and start selling to the next hungry pup to put my money elsewhere.Nor does everyone have the skills or even the physicality to do this.

But, that would leave money on the table.A line of credit or a rehab loan would put more money in your pocket and a general contractor can handle the physical work.

The law was probably written before the era of electronic payments, when a landlord had to physically take action and present the check to the bank.

Every day is unique with its own challenges and opportunities, but I can't help but see the window slowly closing on being physically able to keep it up until a traditional retirement age.

-Myself & property|one island & her|different islandShe would like to learn the management but naturally will need things dropped of at the unit or need things checks physically onsite here where I live and the property is locatedThe Question Was is a fair way to structure the deal for both parties to protect both parties? 

The obvious reality, of course, is that practically anyone without obvious physical handicaps and with the right motivation can become reasonably good at drawing or using a screwdriver.So, I would ask you to dare to believe that making conversation is much the same sort of thing, a skill to be learned, and your attitude toward any skill largely dictates how successful you'll be at learning it.On the other hand, if you find talking people up the most distasteful part of this business...well, just wait till you saw out a length of your first soilstack or you're forced to evict a tenant with a baby in the middle of winter.Read "How to Win Friends and Influence People" by Dale Carnegie.

@Caleb Heimsoth I majored in engineering physics!

If you neighbor does the same, and then sells the property for for $60k, it it reasonable to assume the new valuation of your similar improved home to now increase to $60k.Now, every six years the county will do a physical valuation, meaning they visit each house.As @James Wise stated, this is nothing new.From January to March 31st, you can file a “complaint” to dispute your valuation... new or old.