And in terms of the unit - we own 4 others in a 3 mile radius and are very familiar with comps.

Purchase price: $80,000 Cash invested: $145,000 Turning a 3/2 into a 4/2 duplex for short term rentals.

Are you doubling down on short-term rentals in tourist-heavy areas, pivoting to long-term rentals in growing suburban markets, diving into value-add multifamily properties, or exploring something completely different?

At the time we received an offer from a reputable short term drug and alcohol rehab facility who operates out of SFHs in LA to rent the entire property at above market rates.

I'd sell because you are reaching the time when you lose the cap gains exemption and that $24K would take over 2 years of renting to get back.I had a condo that I owned for a long time and I sold it despite it being paid off and having long term tenants. 

So what I always did / do is give an A  B  all cash offer lowest pricesell on terms  higher price. 

Just like the asking price, just because the owner suggests one interest rate or term doesn't mean you can't offer something different. 

@Ben SyzekFor long term rentals in Colorado Springs you will need to find a deal at 50% ARV (This is very hard) or do a large down payment of 25-35%.

Under what terms?

First, Texas is one of the most landlord friendly states in terms of laws.