Fairfield, Alabama Property

[Josh Obregon]

I'm looking for some advice regard a property I have in Fairfield, Alabama, right outside Birmingham. From my observations of US Steele closing, Walmart leaving and other retail following their lead; I see nothing but negatives for this area. I have a small mortgage on the property, the current tenant is scheduled to move out by June 1 and hasn't paid rent in two months, I fired my 2nd property management company, and the property needs some repairs. Here are the options I came up with: 1.) Sell "As-Is": I currently have it listed but have not got any offers greater than even 1/2 of the listing price. 2.) Make repairs & hire a new property manager: I am very hesitant to bring on another manager given the experiences with the past two managers. I also don't have the time or means to vet a GC and ensure the work gets done. 3.) Make repairs & look to bring in a Section 8 tenant: Again I don't have the time to vet a GC and have no experience with Section 8. I did a little research and from my understanding qualifying a property for Section 8 takes several inspections. 4.) Bring on a local partner: Apart from being able to simply sell the property I feel this is the next best option. I would like to bring on a local partner for the cost of repairs and has experience with Section 8. Any advice is appreciated!