Here are the $s:-purchased at $56k-rehab cost of $14k-prepaid interest with my hard money loan (no payments now)-$900/mo projected rental income with tenant paying utilities-appraised at $99,900-I have an offer on the table for $89,900 plus $3,000 seller paid closing costs.I learned s lot on this deal and it wasn't a great one, so neither option (keep or sell) is an awesome one, but I'm new to this and trying to start small and learn.

with SFRs  usually just either made cash offer... or in the day when you could Legally do a sub too on a pre foreclosure here in Oregon and rent back ( not legal anymore) .. we would just lead with that scenario because the cash offer was not on the table .

I'm especially excited for you and your unique background and experience you've already got! 

I just laid all costs associated with my price on the table.

When you're talking about an area where rents can go from $1,200 a month to over $2,500, that's a huge hit that can bankrupt a lot of newer landlords and take a very long time to recover from.I think you have the unique opportunity to make your mark in an area that your family already invests in. 

He's done work on my own home so I've seen first hand how he works and the skills he brings to the table. 

Rather a unique property SFH with rental , ( 2 bungalows, so 4 1br units) 

Also, I'm pretty certain owning my own business is the only way I will be happy - I'll never be satisfied if I'm not sitting at the table when the 'big' decisions steering a company direction are made. 

Little background before my question....We have a house under contract that is a student rental (closing date should be around 4/7/2017).The current students' lease runs until 7/30/2017.  The seller has a new group of...

Zillow of course does not take into account the odd ball or different properties and unique situations.