It has to go through probate but the rep can petition to have the property released once probate is opened.

Sometimes I even forget I am a landlord until the rent check arrives :D .My tenants plan to rent from me for 2 more years, but I am at a point where I either need to sell or remortgage.

I arrived with $200 in my bank account and all my belongings in an old Toyota.

Or sometimes, people can just see when the top of the market has arrived and want to preserve their capital because the rules have changed and they can see what's coming.

Your own calculations arrive at $800 - $342 before any allowance was made for capital expenditure, so in this case I would expect a 50% expenses estimate over time to be fairly accurate.

If they just arrived, they are easy to relocate.  

Purchase price: $300 Cash invested: $1,620 Sale price: $22,000 This property is a *perfect* example of the system I am currently using:Bought the house at the end of Oct. for $1,920 all in - including taxes & property preservationHouse needed junk removal, had an abandoned MJ grow set up in the basement, and had a HOLE in the ROOF - but I did NONE OF THAT WORK :)After buying, I had to wait ~6 weeks for the deed to arrive (the county processing time) during that time I marketed the property for sale AS IS on FB Marketplace & Craigslist.

@Mazin El-Achkar how did you arrive at $400 as the proposed PI payment?

Area is so popular people are signing petitions about parking becoming an issue on our residential streets.

This would take some pressure off of me financially as my wife will be quitting for a while after the new baby arrives.