If you have something in Ohio that you're working on/I'd be happy to look into it for you@Craig Cann preserve hardwoods when you can or use LVP when the floors are relatively level/not slopping.

So that withdrawal rate implies being able to spend 5% of the initial portfolios value and continue withdrawing to support the same real spending in perpetuity.The bugaboo of retirement spending is inflation, to the point where the high inflation years of the 70s and 80s made it harder for retirees to preserve their purchasing power than for those retirees who retired right before the Great Recession!

If it’s cash flowing well with appreciation upside, a HELOC/HELoan keeps your equity working while preserving the asset , especially smart in today’s market if rates on new debt are higher than your current mortgage.With ~$100k, you could structure deals for 1–2 properties depending on the market.

Most of the time I clarify that the main goal is to take the loan on the property as well—preserving favorable terms that might be impossible to replicate today.

A well-designed asset protection strategy limits liability, preserves wealth, and strengthens your defenses if challenges arise.To navigate these areas with confidence, build a team that includes a tax professional experienced in real estate and an asset protection attorney aligned with your long-term goals.

I believe we want them to focus on preserving / increasing the value of the asset for future sale (in 2-4 years) as they planned initially. 

If the goal is to preserve initial capital that could definitely help.

Open space and preservation tends to be a more vulnerable target.Regulation is one of those amorphous bogeymen (or women!).

Preserve your cash and have the rents cover the mortgage and HELOC.

The Subject To approach seems like a smart way to preserve cash, avoid bank fees, and potentially get a higher sale price while minimizing upfront rehab costs.