The fact that the price has not moved, suggests that the seller needs this amount.It is time to do some research and see if you can find a pain point.

I would encourage you to cut your losses and use this as a painful lesson learned.

@Jesus GarciaThat was rough with multiple pain spots both mental and physical.  

Yes you sign a property management agreement, usually the term is 1 year and then it transitions to month to month, but if you are a big enough pain in their butt you'll probably get out if you really had to. 

We thought of renting it out, but the process is such a pain, that we decided to sell it.

If someone sounds like a pain in the *** in the beginning they are going to be double that once they have your place;2.

Also would it be a pain to have it close by/easier to manager when it's offsite? 

Wall paper from 1960's:  high quality, very well made & a complete pain to get off the walls. 

There are so many variables that go into it like 1) actually finding a contractor who has done a 203k before because it requires a lot of paperwork so finding a contractor that has done it before makes it less painful 2) ACTUALLY finding a contractor to come place a “bid” on the renovations you need.

Eviction TBDHourly $40Tenant move out $50Lease Renewal - $99.00 (Found out my contract says $99 but they recently raise new owners to $250)Tenant Late Fees  25% of tenant late fees is paid to MPMDeed Purchase $50 (only if not provided w/management agreement)Administrative Billing - Not to exceed $35 per tansaction, unless biling is charged back to tenant, then the agreed upon oversight fees will apply.