I know there is a bit of a risk here, but with the improvements being put into the property I am very confident my relative will not be walking out on the deal.Thx

@J Martin I don't travel (much) out of Sacramento-- here is my opinion-- BP people don't shoot me for bad advise (J Martin made me do it).1) Does your buyer who has been getting a free ride for 1.5yrs (I wish you were my lender :) ) live in the property?

If you have reserves you have confidence, and time to properly qualify tenants (weed out the bad ones) and ask the one that somehow turned bad on you to leave your rental unit as soon as you think it needs to be done so you do not compound problems with differed maintenants!

I personally plan to spend more money on my rentals and also travel back and forth at least 4x per year, but likely much more when I have projects going on.Will you continue investing in the area or just sticking with these 2 properties for the foreseeable future?

I've been buying liens online for counties that I am familiar with or that I can travel to when I'm out checking on my other investments...

For example, if a seller is willing to sell you the house for $500k with minimal fixing, but the ARV is $800k, i'm confident that a buyer will jump in quick to take that off your hands. 

With you traveling two hours each way I would suggest weighing your time value agains work value.

I'm considering purchasing investment property in my ret. acct. but before I buy it I will have to travel to the area where the property is located and will have some expenses.

Welcome Dawn:) I actually travel out to Vegas every so often so it would be great to keep in touch and grow together.

Seniors, singles, couples, part timers who travel for work.