FYI the property sits in a desirable area close to Tesla Gigafactory in Austin, TX. 

Is it best to assess this property as a single rental or is there a good way to list something like this as multiple units with the option of renting out the full property if desired? 

If there are foundation issues pier and beam foundations are much more desirable to slab.Foundation issues are more prevalent on the east side of town which is also a very fast-growing part of town.

If you are indifferent to the location, I would suggest similar areas as others have posted below such as Pinellas County and Polk county because they have more of your desired inventory. 

@Travis NachmanMost metros that are desirable and showing long term, high appreciation rates are going to experience this at one point.

Folks who use this method start with 70% and adjust for the area - if it's a desirable, high appreciation area, people are less likely to sell and flippers are more likely to pay more, so you might multiply the ARV by 75%.

Check how well homes are appreciating in your desired area as well. 

I bought this with my brother as a pocket listing and the homes are in North Park (A highly desirable area in San Diego comparable to West Hollywood).

The seller's agent desire for a frictionless sell with full commission represents my interests just fine. 

What can be done to the property to create a desire to be rented?