Thanks to both of you guys.I'm planning this sale as a cash deal, so no real estate agents and the buyer has several other duplexes in the Peoria area (3 of them within two blocks of this house).

That’s a crappy deal… and not worth pursuing.  

Our current rental was purchased for roughly $340k 7 years ago and is worth in the mid $500’s now and is paid off, and our primary was purchased for $430k 4 years ago and valued low to mid $600s and we owe $180k.Option1 we are considering are a fix and flip to provide cash for a down payment for a long term rental to allow the rent to cover the mortgage and at least break even.

Check out this excellent article from Banker and Tradesman, "You Rarely Know All Your Agent Does". While it mostly focuses on listing agents, the same holds true for buyer's agents.
You only know some of what your ag...

@Soup NikkI am in The wrong type of syndication as a GP.As an LP who also invests with find those fees to be very high and many are front loaded so the GP has little to no risk (even having fees to guarantee the loan…) you are taking on all the risk and the upside to me is not worth that risk.

Details:Under Contract: 175kAttempting to Get: 200kARV: 290k ARV being 290k indicates that after rehab the property is worth 290k.

Any suggestions on good locations for cash flow properties for multifamily of 20+ units?

Well from my experience the strategies that grow net worth the fastest require the most time.

Enjoy a $3,690 Market Value for Rents and potential $10k annual cash flow.

It might be worth asking them to start the eviction process as soon as possible next time you have a late paying resident.