Compare that number to the odds of being struck by lightning, and then act accordingly. 

It is also better than what I would have received for a comparable lot in other locations. 

This is such a personal question no one can really answer it for you, call around to your local CPA's and compare.

They provide flexibility and efficiency, especially for experienced investors.How have you found the terms and structure compared to traditional options?

@Shaylynn O'LearyI like creativity in your own market compared to chasing cash flow across the country.  

I see a lot of LL compare their old unit that hasn't been remodeled in 15 years and has delayed maintenance to some newer units.... they create a vacancy but jumping to what they see as market and that vacancy and remodel costs them tons of $$ that takes YEARS to catch up on with that jump to market.

If you sold it, what would you do with the money and how does the return compare to what you get now (factoring in the amount of work/stress with each option)?

You need comparable sales BEFORE you spend $175 or the appraisal will come low to your expectations.

If you come to me and say you super handy ready to take on a major renovation my answer will be different compared to if you come to me saying you need turnkey and 30 minute commute to NYC.  

Those are tiny, tiny obstacles compared to where this process succeeds or fails, and that is with the contracting.