You may need to replace insulation, sheetrock, or even framing material.The only way I would touch it is to have a contractor give me an estimate for renovation, then lower the price far enough to handle that renovation.

You’d be more likely to get away without parking for tenants but even then, what kind of tenant are you going to attract?

My maintenance is usually less then 1k per year., We replace the roof, and HVAC if 10 years or older.

I used them all as primary homes then moved and rented them out.

I also know I can look at ways of borrowing against that equity (HELOC for example) but I also just feel like if I take debt on that property the cashflow goes down, and then if the association also takes the loan it goes down more, and at that point I don't know why it would be a better option than selling before August. 

I may take 100 photos, but I'll only send them enough to give them a taste, then I let them know I have plenty more.

Quote from @Derek Harville: You could accept it and then sell it to recoup your money. 

Just my 2 cents.Hi Scott,- I utilized the brokers information and then did my own research in 1 bedroom comps around the area and the 2025 Small Area FMRs for the county which are $730 for 1 bedrooms.

You save money, you get experience, and then you buy your own in a year.

Further context, I have zero debt, high 700s credit score, one other investment property here locally. 175k in cash available, looking to do DSCR loans or cash and then refinance.Peoria, Illinois- Great need for lower income housing, market appears to have many options.Lawton, Oklahoma- Looking only at extremely cheap properties, as it seems it’s not terribly hard to find renters.