That being said, I hung in there at my original list price longer than I thought I should because I continued to get good showing activity and the house sold for $5k higher than the listing price - no issues with appraisal. 

I have plenty of money in a Roth IRA that I continuously max out, as well as a profit sharing account through my company, so I do have some investments started.

@Christopher Munn the market is hot and will continue to stay hot.

Here's a suggested system:123 Sample Street     - Property          - Receipts          - Invoices          - Photos and Video          - Other documents     - Tenants          - 2015-01-15 Move in - John and Jane Smith          - 2016-01-15 Move out - John and Jane Smith          - 2016-02-01 Move in - Jack Squat     Every file should be named with "DATE - PURPOSE - LOCATION - NAME" which will enable you to find things using the search feature.

We like the idea of passive income while still continuing to work.

If I decide to continue with the deal, I will get in touch early next week to get a quote from you and to see if you have any tips on structuring the deal to protect myself.

It just seems like the realtor has better things to do than continually following up with a neighbor in order to get clear title and get her side of the commission.

KershingIf you plan to move into the property and continue to live in it.

So unless you care to hang on to the cash and continue the tax and bank evasion, I'd tell them that you'll accept it as long as recorded and documented.

@Sam Shueh, I hope you are wrong re the insurance :) I have been dealing only with one ins company for all my investments and hopefully they will see the value to continue doing business with me