Option 2 is a  3br house in a slow market with minimal updates.

In 2007 I slowed down, when I bought  a home in Oak Park, and sold all but two properties. 

You might have to slow down your rate of posts. 

However, the fact of the matter is that you came, you saw and you conquered this wildly project.Yes, it's a lesson to all REIers....new, seasoned, young or old.I am happy to know that you and your family are enjoying the fruits of your labor.Now, you can basically utilize your house as an ATM and withdraw cash to fund your next flip or buy and hold initiative.This is a good story to tell and was worth reading.Good luck with your future endeavors.BTW, it would be great to see those before and after photos if you have them.

I prefer the slow and steady get rich, as compared to trying to win a lottery every month, but again some folks can do it. 

(Go when it's slow).Failing that, try to talk to the owner at some point - or find other agents familiar with the listing.

A safe withdrawal rate necessarily has to have some margin of safety built in so 25X is probably a pretty good number.A good "planner" can simply show you how to:1.  

They rent the house for more than market rate - the problem is twofold:When the good tenant realizes they can get a better house for the same $$, they leave after one year and your chance of getting that rental rate again is slimThe tenant is willing to pay more b/c they have less than stellar credit - you end up paying for this mistake in slow pay to no pay and possible eviction...then you have to turn the property2. 

To what level I can't say, but the demand isn't slowing even in the off season.

I work with rehabbers, and one thing I learned was that, sometimes even the best comp doesn't mean that the property will sell, don't let the slow market discourage you.