So far fairly good. Where now?

[Nicole Wood]

hello all. I bought my first property back in July at a tax auction for 5685$ . as ezxpected its very run down. The town has it assessed at 60000 which I thought was great. So I tried to get a home equity loan....that didn't work out so well. It was assessed at 16800 :(. So luckily I had a friend looking for a two bedroom house so she's renting it and I waved their deposit so they even cleaned the entire house out of all the junk left behind by the lady I had to evict. I'm wondering where to go from here. Continue to hold and slowly fix up or fix up a little and sell at just over a year for more than I paid.....my accountant suggests the latter but not sure.