If the house were sold to daughter A and then daughter B, used her $250K in proceeds to go and buy a home for grandma to live in, while daughter C just took her share in cash.Idea 2House is sold to a regular buyer.

I got an interesting phone call from an elderly client yesterday. 87 year old woman who regularly goes to the hairdresser every 2 weeks.Hairdresser is located in a shopping center that's next door to a Mercedes dealership.Evidently customers of the Mercedes dealership routinely park in the shopping center and the center's management company has warned the Mercedes dealership on multiple occasions.My client drives a Mercedes.My client goes in for an hour and gets her hair done.

They need to show me they have purchased houses in cash regularly.

In those neighborhoods we routinely check out open houses, drive for dollars, look at the pictures for everything that comes up in the area.  

My clients do it fairly regularly.

What would you estimate/mo for routine repairs?

Sure, it can be if it's a small investment, but if it's big enough to substitute a regular job, it comes with work. :) In the last 18 years, the only truly hands-off investing we've done is pre-con assignments.

The net effect is that they operate much like regular insurance, but usually at much lower costs. 

Let the world know what you've done.Possible Highlight's:-you've read 40 book on real estate investing-attending meetups regularly-walking properties-underwriting dealsThe point is to build up as much credibility as possible even if it's small.

This is a regularly debated topic on the BP forums, but as others have mentioned above it comes down to each person's particular case.