First fixer - Need suggestions

[Santosh Prabakar]

I bought my first fixer in Leander TX around Oct 2022. Fixed it nice and put it for sale in December. Received a good offer, accepted it and then the buyer backed out on the day of signing.

It's back in the market and I'm not receiving any offers. Need suggestion as what I should do with the property. Bought it for $283k plus $50K renovation.

Here are the options I can think of:

1) Put it for $2000 rent and refi to take cash out. 

2) Reduce the price drastically and sell it. If I reduce the price, I will get offers and will breakeven.

What are some of the other things that I can do in this situation.