Getting plugged in to the right team is vital as I have seen groups here locally that I consider predatory, especially to out of state and out of country investors. 

This is a modification of our Turn Key model.  

I'm looking at it like, if you take the $140k, it has to earn you 12% or more to be a better deal than taking the cash flow.I am however, not nearly as experienced as most of the above posters, and am probably missing some vital part of the equation.

I know how to do a vast amount of remodeling save for major electrical work and structural repair or modification.

Unless your lease allows tenants to modify the premises (the painting) they would be in violation of the no modifications to the property are allowed.

We have to do a little work here with the surveyor, city, utility modifications, adding driveways , flipping garage doors but if I can do this, it will really optimize the value of the investment but I will have have to have the stars align so will see how it goes!

Bad news is I have had to make some more modifications to the 1st floor (opening a wall in the LR, removing a closet in the LR and creating a new wall in one of the bedrooms to expand the LR), modifications to the basement (replacing stairwells going down) in addition to removing the boilers.

I actually forgot to add one vital piece of information.....right now I am positive cash flowing $450 a month.

Have a appointment with modifications of paperwork and escrow holdings for Sandwhich lease but if simply assigning it is easier I would rather use that route.

I ask the above questions because they are vitally important in selecting and managing tenants.