Here are some considerations for both options to help you make a more informed decision:Option 1: Sell the HousePros:Immediate liquidity: Selling the house can provide you with a lump sum of money immediately.Eliminate financial strain: If the property has been a financial burden, selling it could relieve you of the ongoing stress and financial obligations.Capital gains: Depending on how long you've owned the property and the real estate market conditions, you might realize significant capital gains from the sale.Cons:Capital Gains Tax: If the property has appreciated in value since you bought it, you could be liable for capital gains tax, which could eat into your profits.Loss of potential future appreciation: Real estate generally appreciates over time.

It is a deep value add deal.  

Although thats a very deep dive into how I structured those. 

Deciding to just jump in the deep end and learn as we go!

We have contracts with a few investors with deep pockets.

They do not have deep rooted relationships or understanding of these markets from years of operations and are reviewing the same opportunities we theoretically could if we were interested.

@Margaret MirasolaWe created a "Deep Dive" series here on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider: https://www.biggerpockets.com/member-blogs/3094/99854-deep-dive-into-metro-detroit-cities-ecorse We're not aware of any other property manager, agent, turnkey provider, flipper or wholesaler that's made the commitment to do this!

$140000 is a deep discount and they both probably know the market value fixed up. 

I'm deep into this world on a daily basis so my perspective may be different.

I also agree the price was a bit high for the length and size but since i'm heading deep into this market i thought i'd splurge. i would have liked to see it more in the $400 range but cest la vie.