Free & Clear House, Best Exit Strategy?

[Doug Vigliano]

I am in the position to take over a house via QC deed from a long-distance relative, the agreement is $10,000 cash paid to the relatives guardian.  Additionally there is about $4,000 in back taxes owed. 

The house needs about $25k or so in repairs (new roof, update kitchen, fix drywall, flooring, paint inside & out) but once fixed up would be worth around $125k

I will be moving out-of-state in the next 60 days and don't want to really manage a huge project if I don't have to.  

Knowing the above, would you:

-Invest the money to fix it up with your own cash, and keep as a long-term/long-distance rental

-Get a hard money loan and really do it up nice, and try to sell for as much as possible 

-Wholesale the deal to another house flipper, make a modest profit and be done with it

-Sell on lease-option or owner-finance as a handyman special

Just curious what others would do in this same circumstance.