If the market and demographics of the location are solid, I would personally keep it and refinance to pull the money out tax free.

Jehon, looks like a solid deal! 

Solid for starters and the community.

The loan is nice in that you can buy a second home for only 10% down with no PMI at all and with a solid rate (low 4%).The passive partner brought 60% of funds for the purchase/closing and my local partner and I brought 40%.

I am looking to start doing some long-distance real estate investing, and David Greene's Long-Distance Real Estate Investing book has made me realize how important it is to have a solid team in place prior to making a move on a deal.

Yes, I am currently looking for solid deals in my area and plan on reaching out to a few contacts that have asked me to reach out to them if I run across any deals.

This large 1900 sqft single detached home needed a full remodel to achieve a solid ARV for this area.

You need a solid base to work from before truly utilizing these resources. 

Obviously you'd want to run the numbers and do your due diligence, but if you're looking for the lowest possible maintenance with a solid return, then I think that would be of interest to you.

Hopefully with a solid offer I can land a deal using FHA loan