You work for a period of time, you sell the house, you get a chunk of money, and then you are done.A long-term rental will bring money for the rest of your life and continue to grow in value. 

I have another car that’s paid off that I am going to sell for around 15k.

He doesn't want the hassle of doing that anymore, but selling his property will be a challenge.

OK, SO HERE'S THE DEAL . . .I have a motivated seller who is desperately wanting to sell his commercial property.

Not that I am interested in selling now.

There is of course taking into account the area and if it is getting some life pumped back into it, sure you might have a builder or buyer wanting to put a house on it.I would love to hear from anyone with experience on holding on to an empty lot and just taking the hit on the taxes until you can sell for a large price. 

Certain things need to be redone for selling vs renting vs personal.

You're selling this property to the tenants and this will surely sour the relationship.4.

After selling it late last year, we found that we averaged about 6.5% appreciation each year over the past 4 years (we sold it for $126,000). 

Sure, there will be some costs (i.e. monthly rent, furniture, etc) but this may be cheaper than sinking money into buying a property thinking you'll do well in STR ,only to find out that you aren't cash flowing and now you can't sell the property for a profit.What I do recommend is the following:1.