Hi Allen, that’s an exciting position to be in—$500k gives you a lot of options! 

At this time the interest rates may make keeping your existing home a better option than times when rates have not risen as substantially.  

The owner has taken it off market and I'm just trying to explore my options of selling it off market for a deeply discounted price.  

(Excluding FEMA insurance claims)We recently sold a home we foreclosed on in Georgia and I am pretty sure they had a specific form for disclosure of insurance claims we had to complete (my associate did all the paperwork but asked me about the form). not sure if it was fema or not.The form if there was one was optional, because Georgia is a Caveat emptor state.

While I own quite a few rental units already, I thought condos might be a good option to gift to my kids when they turn 18, offering them a safe introduction to property ownership without too much risk.However, my challenge with investment condos is that the cash flow always seems terrible.

As noted, commission are always negotiable as are brokerage options (full service to discount companies that pretty much just post it on the MLS and you work with all calls, offers, etc) and an agent can go over likely net out scenarios with you and give you an idea what you likely will be able to net after closing expenses and paying off the mortgage balance. 

If you have the legal right to terminate, it would be a better option.

Plus, with $4200+ in monthly income and the option for overtime, you’re in a strong position to manage this responsibly.

Yes, but the 3rd option is I pay the remaining seller note principle in cash via my own savings/lines of credit. 

Hard money was the best option for this property, given the condition and timeline to close.