Hi Deirdre, I think you need to take both into consideration. 

@Joe Villeneuve around 300K of equity in the houseSell the house, take the equity, spend it or use it on your next house where you are moving to. 

But, on the other hand, if your life is very busy with your w2 job or you have a family to take care of, then maybe having a property management company will do you well and just worrying about larger items.

Is your highest priority immediate cash flow or would you rather have an investment that may give you a greater return but it may take a couple of years?

I’d love your input on whether this deal could appeal to investors and how best to structure it.Property Details:Worth: ~$300,000HOA: $273/month, Taxes/Insurance: ~$170/monthCurrent Rent: $1,880/month (long-term); next tenant advertised at $1,950/month.Mid-term rental potential: ~$2,400/month (I haven’t tried this, but it’s my estimate).My Financing Idea:Large down payment: ~$125,000 (This is my priority to reinvest elsewhere).Seller-financed balance: ~$175,000 at 4.25% for 30 years.Buyers take over taxes, insurance, and HOA.Questions:1.

Review your score and take necessary step to improve it if you are at 650 or below.  

As Gino said, find a local Architect to take this on. 

Take the emotions out of it and evaluate on what the deal is telling you.Good luck!

A great contractor takes pride in their work, whether it’s making sure tiles are perfectly aligned or that the trim looks just right.4.

Loans like this can be useful or very dangerous, depending on how you manage your business.The ideal situation for a loan like this is when you have a property that will take a while to get up and running.