We will have 3.2 million from the sale. 

@Wynn Williams You could buy it subject to the existing mortgage, but I'm hearing about those due-on-sale clauses being exercised often now.I would structure it as a lease with an option to buy.

@Zoe Brennan You can use the info below to pursue either real estate sales or investment sales:)Why does everyone want to chase strangers – and ignore their own personal network?

Quote from @Brian Dela Cruz: @John ChapmanTypically, this would be treated as a sale, unless you reinvested the insurance proceeds into another rental property within two years (by either rebuilding or replacing), you can defer the tax under IRC Section 1033. 

There are also many new construction townhomes all over Houston, so if/when you go to re-sale, most people can buy new for just a bit more (if not the same) than buy your used townhome.

I ended up getting the listing as an agent, but only after I exhausted all possibilities of a cash sale to one of my best investors/partners.  

You could whole sale these deals or you could broker them if you have a broker license.

"The man who represents himself has a fool for a client" was said about attorneys, but it could be said about a new investor representing himself in a sales transaction.

Also with a 10 to 15 year lease if they ever decide to leave and sublease the space for a different location then not many years left to be obligated on primary lease term or negotiate for early release and termination.A Wendy's franchisee that owns 50 to 60 units you would need to see if guarantee goes to all the units or they just put 10 of the low sales crappy stores in there.

They've been advertising their new construction inventory on my Investment Properties For Sale Show since Q4 2024.