Need advice!

[Kenney Vangalder]

I am a fairly new investor and not I'm not sure how to handle this situation. My friend has has fired his agent and ask me to help him sell his house. It's a great house and he has a lot of equity. He doesn't want to rent it out or lease option it as I gave those options to him as we talked. I did make an offer just as a last resort. He accepted which surprised me because I offered fairly low as I always do but he's still come out with a profit. Now, should I turn around and sell it to an end user or just sell the contract or both? I have loads of time because he's my friend and he will allow $1 earnest and $1 option for as long as I need. I'm not a real estate agent by and stretch but I could possibly cash out with this property but I don't want to (for lack of a better phrase) screw my friend over or have bad feelings after the deal is done. I know there's many angles here I can take but I'd like to know the least painful! Any advice is much appreciated!