And how much rehab are you willing to do? 

The flat fee buyer agency fee reduces the amount of the buyer credit/refund, generally by $6,000 (although options range from $999 to $8999, depending on how much help the buyer wants from the agent).

Their business still needs to grow up. 

You will also discover the warranties don't cover as much as you think, and claims are often denied.Home warranties are so bad that most professional property managers will not manage a property with one in place.

@Huong LuuIn my opinion, presuming you need the money - it is better to cash-out refi the property.  

I think the important takeaway is that you need to know what's going on in your local market.

You need to look at return on equity, how much cash flow can be generated putting your equity to work vs the cash flow this property will produce.

Our current manager is in Huntsville and it is becoming clear that we need someone more local to Cullman who can be on top of showing our listings and taking charge of maintenance and repairs as needs arise. 

Things like:🚫 “I need seller financing.

If you need any help running those numbers or figuring out your options, don’t hesitate to reach out!