He/she takes in a roommate or three, uses the extra cash to modernize the interior, then sells after two years (which I understand to be the shortest time to avoid short term capital gains taxes) and buys another place suitable for roommates and in need of work, hopefully reinvesting the gains to get a bigger place or do a better/faster rehab.

Teaser: "All-in-one software is designed for beginners and not suitable for professional use" ==@Chris Levarek wrote: "It's always a two way sword when using one or multiple apps.

You are essentially borrowing funds and paying interest on it that you may never find a suitable use.

Factoring in the current market/state of the economy, and the values noted, the realistic timeline, it is a bit tight and many investors may not feel comfortable enough to gamble with that.An owner/user, who might have ambitions to go through with the plans you put forth, AND have that kind of money, MIGHT be more suitable if they have to courage to take it on.Just my 0.02I hope someone gets it under contract and you can move on before rate change or banks get tighter.

He/she will look around amongst many companies to get you covered with a suitable insurance

Also If i need to switch property managers or fire one I am close enough to step in until I find a more suitable replacement.

The big money comes in having professionals draft your Operating Agreement, Subscription Agreement, Suitability Questionnaire, and PPM.

- What are some questions/ qualities to find the most suitable property manager?

If so, I would rent it, and pull the 60-80k out of it once I have found a suitable use of the money.

If the tenants are of a suitable quality, then set expectations with them by getting them into an executed lease at market rates or with escalations that get them to market over the next 6 months.