Purchase price: $130,000 Cash invested: $9,000 Sale price: $185,000 I did not have the knowledge then to keep the property and pull money out to complete renovations to another property we purchased a year after this one that required a complete overhaul.

The purchase and sale of a business requires a lot more personal involvement than the purchase and sale of real property.  

There are several duplexes out there for sale and if you do it right, it can be financially beneficial for you.  

PM me you're number if you'd like.I don't have any "opportunities" or property for sale or rent at this time or anything else to offer other than info based on my experience.

I purchased this before deciding to get in to real estate.I am trying to decide if I should rent the property out or sale it to buy something with long term investment in mind.

I would see if you could get seller to pay for the repairs and you raise the sale price by the expected cost of the repairs.  

A Purchase and Sale Agreement and an Assignment Contract.

Market value based on comparable sales of our own in the area that have appraised at their sale price.

there is no bank, no mortgage, and therefore no due on sale clause.if there is a mortgage in place, and you take the payments over, this is typically referred to as subject-to or sub2 and is much higher risk for everyone involved.

Although I wouldn't suggest this and you don't need to do this, most lenders have a due on sale clause and this could be triggered (altough low probability) when transferring title out of a borrowers name.