When I posted a LL question a few days back on behalf of a family member, I got some nice comments about welcoming me back. So, I thought that I'd share some information about how our exit from being LLs went.

You may remember that we decided to sell the last sfh, pass on a 1031, pay the tax, and invest the balance elsewhere. Here's how it went for us:

- We consulted a trusted RE attorney. She viewed the property, and felt that with the general condition of the place and the very hot RE market, we could just clean up and sell the place - no updating necessary

- The house went on the market on 2/14, sold on 2/17 for $10,000 over asking, which was high for the local comps in the first place. Cash buyer.

- Right after the Agreement was signed, the local electric utility company notified the HOA that all of the underground lines were to be replaced. The buyer saw that as a plus, as there had been power issues there for several years.

- The HOA has been waiting to resurface the roads until that utility work was completed (smart), and notified that they may need to do a special assessment. Again, buyer unfazed.

- A couple of weeks later, the local water authority got back test results for PFAS, which were above EPA guidelines, and has new plans to install filters, which are expensive and will likely result in rate increases. Buyer unconcerned.

- Four days before the 4 settlement, hubby's mom hospitalized with heart failure, and hospice recommended. She was to be released the day after settlement to come to our place until a bed was available at her retirment community.

- The settlement went without a hitch - our realtor was top-notch in leaving no detail incomplete.

- Mom's RC had a sudden opening on the day after release, and the hospice lady convinced Medicare to hold Mom over for a day in the hospital. So she went straight to hospice.

- Mom only lived another 2 weeks, which were stressful due to her dementia that told her that she was "fine".

- We had from mid-April until the end of May to clear out Mom's cottage in the retirement community - accompanied by the usual family drama involved with all of that, and topped off by her (mostly neat) excessive collections of "stuff" that had to be gone through, distributed, etc.

Thank you for sharing the process. I didn't realize RE attorneys also acted as agents.

Sorry to hear of the MIL but glad the timing worked out.

Not sure any HOA's are a good thing from all the bad things ever mentioned about them.

I concur, welcome back.

Ouch that hurts.

I sure wish you picked up a couple hands off investments instead that would pay for a solid 6-8% dividend instead. That is water under the bridge. We are glad to hear that you happy with the path that you choose.

Right now, catching up on home chores and working at settling a (substantial) estate. Next, major rehab of our home, which has suffered from benign neglect while keeping renters and Mom happy. Also, a long-deferred extended road trip to the Canadian Maritimes next summer, now that we don't have to be on call for Mom anymore.

Thanks for asking!