Well I changed. I am selling my rentals. They are not worth it. I am right now enjoying my recent money just a tad. I’m in LA spending the night in the exact same room jim morrison lived back in 68-70. Pretty cool eh? Well at least i’m not blowing everything on a car!!
I like your plan. But are you flexible enough? If you meet someone who says, “Do you want to buy a cheap little house?”, can you shift gears and do it? Quickly?
I would put it under contract and flip it to another investor. Without even thinking, I have built up a decent sized buyers list in my area. If no one wanted it I would probably just start calling all of the landlords on craigslist.