If/when you do rent it, give your realtor a nice bottle of wine, thank them, and let them know they will be part of your next venture.

@Brad HammondYes, that is the direction that I will take, I am putting the house on the market next week, and look for other ventures in another market, being a landlord in Portland has way too many disadvantages, even with Airbnb.Thanks to all, I will update the progress.

Have any of you had success in such a venture?...

Long term goal would be to venture into long distance projects.

@Tom Canterino Partnerships and joint ventures are tricky.

Also talking about finances and new business ventures while being around them helps open their minds to possibly investing in things other than cars, shoes, clothes, phones, games and the sort.

You could also venture out on your own and do a small triplex or 4 plex.

And not to discount the knowledge that can be shared on this site, but asking the internet what to do in this scenario is a big red flag to me.I submit that you need a partner in the venture who has significant experience in this industry.  

@Monique ODell the realistic way to make this happen is venture capital, betting say 50k on 10 companies and hoping one becomes the next Uber/facebook etc.

Additionally, I have $50k liquid for any cash deal, but I'm looking for experienced partners to help with my second real estate venture.