However houses in my neighborhood (comparable to mine) are selling upwards of $300,000. 

- I checked the surrounding area, which consists mostly of duplex or SFRs, and found almost no rentals to compare the 2/1 to at this moment.

It might be hard to compare because I was getting a lot done.

The big difference is that I'm going to be renting out the house that my family currently lives in when we move into our new house this fall so I have lots of time to research prices.To get a handle on the rental prices in my area, I've worked with RE agent to set up some automated searches on MRIS and ListingBook to return comparable rentals (on the market and recently rented).

The question is really what you would do with the proceeds and how does that compare to the current situation.

They bought during the bubble years but besides the siding there's nothing else that needs to be done.I appreciate everyone's input.I'm sure you know, but the "50% of what previous owner paid", while a nice fact, is still pretty meaningless, and you should be comparing to the current MV supported by several good comps.

That might seem scary, but run one of the numerous retirement calculators and that number might look achievable compared to the numbers they cough up.

Also, Hawkeye does not charge any money upfront (except maybe a $49.00 fee, don't remember exactly) which was nice compared to other similar companies I looked at that wanted $1,000-$2,500.

You need to compare the rents to the price of the home.

@Simon Campbell : what is the difference between a BPO/Brokers Price Opinion and a CMA/Comparative Market Analysis, which I can get from a local Realtor?