Not much, but I figure it's a good learning experience and it could be easy money.I've been thinking through exit strategies in case this buyer falls through and for some reason we can't find a backup:Potential Plan B: Minor Flip / Make improvements to improve it's appeal. 

Not much, but I figure it's a good learning experience and it could be easy money.I've been thinking through exit strategies in case this buyer falls through and for some reason we can't find a backup:Potential Plan B: Minor Flip / Make improvements to improve it's appeal. 

It is cash flow positive, but my belief is as it continues to appreciate, the cash flow will improve.  

But looking around Google Street View it seems you may have over-improved for this particular neighborhood.

One of my favorite but not well known REAL ESTATE INVESTING creative financing strategies is "joint venture with the seller on a minor rehab"Most wholesaling deals are really needing a lot of work and they're totally neglectedIf you have an ARV of hundred thousand and it needs 70,000 work to get to the hundred, you're not going to pay more than 5,000 to 10,000 for itWhat if you need a minor rehab that needs updating only, like paint,  carpet, new kitchen?

These assets normally are in need of a capital improvement campaign and/or a serious management turnaround.

It worked out ok for us.I did some landscaping which I liked when I lived there, but it was too high maintenance when we moved and I managed it as a landlord.I did some "home improvements" because we were excited about our first house, which in retrospect did not help might have hurt the rentability.One year after we moved to a house, my wife got a job offer out of the area and we moved.

Maybe then you will be in a more improved financial state. 

Consider a sliding scale, 20% for 2 years, 18% years 3, 4 and 5, this is a "front end load" that makes up for the lower profits in the beginning but as you improve the property and cash flow they can still make more at a lower rate in profit shares. 

Maybe find someone who has done historical properties and do a joint venture just to get familiar with all that you will encounter so the next time you will feel more comfortable with what you get yourself into.