Let's put half the money into a 4-Plex in the east valley that will cash flow positive. let the tenants pay off the remaining loan balance.

The preferred investors get paid 6% or $60K and then the remaining $60K - 50% goes to them and 50% goes to you.Also, you can charge an asset management fee as the person managing the whole thing.

My parents say I should back out, take the loss for appraisal and inspection, and put my savings towards the remaining balance on my student loans.

Reaching out to the City to see the number of new construction permits, evaluating the area infrastructure, state of the market economy, determining whether the major industries players (aka employers) will remain intact due to Amazon effect, etc.My best!

Rather than struggling to recreate the wheel you might do better to join a strong team and see how all the parts work together while racking up sales and building capital and experience.Just so you know about 90% of new agents fail the first year and out of the remaining 10% about 80% of those are gone within the first 5 years in business.

The deposit is to remain in place until the lease is terminated.

Get your property back into shape, charge the tenants for what they are responsible for, and refund whatever is remaining.

It also includes the wording "If made, or installed, with or without consent, all alterations, additions and fixtures become part of the real property and shall remain at expiration or termination of the Rental Agreement term."

My problem is here is even they reduce the price ( say 98k-100k), it looks like I may have to change the roof some time in the near future.Get a roofing inspection and quote and see any information that the roof inspector provides ( may be how much life is remaining)Any help to handle this situation is really welcome.

But if you do have a question or something is unclear from the Handbook I'd recommend going directly to the source, the Residential Landlord and Tenant Act statutes.It will probably be more accessible than you expect, though it's really just a starting point for a discussion with an attorney if there are any questions remaining.