Sell,  pay the taxes, and give them their $1,000 plus half the after tax profits?

On the third month, ask them if they know anyone looking to buy or sell and that you are looking for referrals.

We would split the lot off and sell it. 

Home prices can go as high as they want, but if people can't afford them, they won't sell.

The ability to split lots opens doors for creative investment strategies, such as selling one parcel while developing the other.3.

@Richard Anderson: You've piqued my interest.Do you happen to know if there are guidelines in the banking industry as to how to handle the Due on Sale Clause when a seller sells on Executory contract to another individual?

The rooms are unfurnished and the tenants are very low-maintenance (hardly know they are there). 2+Unit Buildings here and nearby currently sell for $1.5M on average.I bought the property 16 years ago, so my mortgage rate is very low (2.2%) Even though the property is cashflow positive, my bigger play is the average 5% yearly appreciation.I'm looking for others who are interested in house-hacking in this neighborhood. 

Hoping to sell the house for 300k.

We had a client that bought in Port huron and then ended up selling their property because they went through 3 PMCs and gave up trying to find a great one:(Some copy and paste advice below:--------------------------------------------------------------------------------------------------------Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

@Brett Jurgens, I usually tell folks they need to have a reason to sell and do a 1031.