Long term I do see this property being a great asset so we don't want to sell necessarily.

Later on decided to sell it.

You might get them to do all the legal work to take it and then sell it to you.

Depends on so many factors: - What it yields- What you're trying to achieve- What headache factors you're willing or not willing to have - What tax implications come from selling (and if you have to replace your debt in a 1031 exchange)With 1.7-1.9mil that would be a 6-10 unit out here in Reno, NV that with cash could produce probably a 6-7 cap with upsides in rents. 

Or is the idea of a purchase to rehab and sell more appealing?

Look for an agent with a proven track record of successfully selling properties in your target market.

Sell this property.

Hi Charlie, I actually have some nice Irvington rentals an investor is looking to sell off market.

@Zach Knoll I sure hope you didn't pay for one of those syndication mastermind courses that sells you on the belief you can assemble all of the components and educate a bunch of random's on how to empty their IRA account to fund your deals.

In the long run, you will be able to sell or increase your rents.