According to him the retail price for this property is $285,000 and so if's that remotely accurate we could make a really good option fee on this one.The challenge for us and this is where we need your ideas, is how do we market this property to the higher end tenant buyers?

@Roland Rohde points to the challenge of finding replacement property(ies) within the 180 day timeline...it is possible to do, and they occur often.  

Challenges?

Cut your teeth and make sure you can handle an investment before making plans to buy the next one.

There were some challenges as to how such a site would vet the data incoming and how the site owners would risk liability if inaccurate information kept them from finding housing in their area.It's a great idea on paper, but I think unrealistic to implement.You can meet that need by doing your due diligence and screening heavily. 

A little bit about me,  I just moved to Detroit downtown metro 3 months ago and I am inspired by Brandon's "90 Days Challenge".

The also use LandlordLocks.com masterkeyed locks on almost all properties, but I've found it challenging since some properties have 1 lock, some have 2, 3, or even 4. 

The vast majority of agents quit within two years because they can't handle the stress or make enough money.

If you now the rents can support the principal, interest, taxes, and insurance and you can make enough to handle the expenses on the property I would go with a lender. 

@Corey G I found to just let my property management company handle it.