My question is: what happens to the title insurance we purchased when we originally bought the property?

This is when syndicators justify getting paid at closing for having done nothing but acquire a property. 

Also, what's the value of the total property and how much debt you have on it?

This could be a local realtor, investor, contractor, appraiser, property manager, whatever.It also means having what you're offering ready and tailored to the individual.

If your ARV of $150k proves out, you should be able to triple your money in 5 years.FYI, I noticed there's a reference to this property being in an "Historic District".

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $72,300

Cash invested: $24,000

Bought to help a friend out back in the day. Then had a reliable tenant for 8 years....

I own 2 other rental properties.  

I know that this is tough to think about when the GC could be taken 15-30% roughly of the project cost for their own business, but that is a number that you need to build into your numbers when running the analysis on a property.

How much is the property worth today?

Also, whatever move you make, think about your next property and your end goal.