We purchased 40 acres lot that is very closed to a lake in Idaho.  We wanted to build a cabin for us but learned there is nothing and off grid so it has been sitting there for last three years and paying the property ...

Is it furnished, if not factor that cost in as well (I bought everything second hand).Are you managing it yourself? 

Facebook and Google shake hands with each other. 

Please feel free provide your thoughts and advise.Thanks in Advance Hello Ahamed - You mention SFR and 2 cities, but to give you better answers, can you please explain your top priorities for the investment and the anticipated holding period?

I have 2 other rentals that ideally can subsidize this, so, would I be better off holding onto it for the long haul and evening out eventually, or selling the property and getting something else?  

-Charge an option fee 3-5% to get some cash-in-hand.

Primarily buy and hold SFR.

I hold a Notary Public and I have a positive cash flow in the Utility Space as well.

At this point I thought that would be the end of it, but then heard from another CA attorney this will not hold up well either.

@Abad Marroquin appears you have found a Class C/D PMC to manage your Class C/D properties.Highly unlikely you will find a Class A PMC to manage these, but you may be able find a Class B PMC.You'll want to set expectations upfront and hold them to those expectations.