You have to sell to realize your gains, and will lose on the transaction at this time.  

As far as selling... you will have to disclose the problem whether you fixed it or not.

I have a property on the barrier island that I do not want to list on MLS but I am interested in connecting with realtors or investors who typically sell or buy pocket listings and may be interested in this property.

I would also verify from a licensed realtor how much rent would be and how much selling it would be..

Good to know as I have a property coming on the market and we had one off market offer already all cash but at 10% list price discount (which we most likely will reject).Curious if you think the california fires will assist the market since many of those people need places to live for years and I am guessing some will flee california?

Since they are considering renting their properties out, sell them on the concept of getting consistent cashflow from you - without the hassles of being a landlord.You will then need to make sure you can make those monthly payments EVERY month in addition to do remodels.

@Eric Smith, It really doesn't matter who you are selling your property to - unrelated or related party. 

It’s enjoyable when you buy land, subdivide it, and either hold or sell portions of it.

You have multiple people living in each others spaces.

Most deals that I have talked to his students about have a minimum $25k or $50k investment some sell out quick others don't.