Taking a property intended for a flip and turning it into a rental or vice versa have historically been viewed as the most common pivots but sometimes the best course of action is to sell, even at loss.

If convicted of bank fraud you may be facing large fines of up to $1,000,000 and/or imprisonment of up to thirty years.Posted without comment.Okay, so one comment:Just because someone in your community says it's okay to do, better clear it with the feds first, or you may be talking with them later..This reminds me of a Subto in California that went bad and wasn't handled correctly. 

After about 5 years, I can bank on reselling the property for at least what I paid, if not more and take a profit.

The tenants know you're an amateur and they are taking advantage of that by scaring you.Stop all communication with them.

If it were us, we would keep the property and take out loans against it for investing in additional industrial property. 

It's much easier to justify a high rate if the numbers work as an investment versus taking it as a primary residence!

I'm not going to through out names, but there are companies that only take $500 at closing from an agent. 

@Rick Zink  "hard money/Private money" typically takes cash as well.

Lesson 1: Probate takes forever, this one took 6 months, and no one but ourselves had any desire to speed the process along.

He says he would normally charge 150,000 for the job so why would he take only 150,000 profits?