I have a rental in a large lot - easily enough to subdivide to 2 parcels, plus the house sits at the edge of the lot.

Spend $200 and sit down with a real estate attorney and get the scoop first hand on what is allowed and what isn't.This is true for California, Oregon and Washington.

Or buying land in the path of progress and sitting on it. ( I have done this and like it the best) 2.

I dont even read them.. it comes down to condition of house and price  full stop.. if your market is slow or slower like it sounds the best conditioned best price house will sell. if the house is not the best and price is not the best it will sit..

I'm in the Seattle area (Lynnwood) if you'd like to sit down and chat more about it.

We just sold our first house and made 150,000 we now live traveling on the road but want to invest that ASAP so it’s not just sitting in the bank Into real estate but don’t know where to start.

In the interim, I am wondering if anyone has any ideas for generating income from it now while it sits?

But if the people who sit on the board are just not fun to deal with, it will make your life not fun.

Sitting around waiting for a bad deal to somehow turn into a good one is stupid (sorry). 

You can always set the closing day out further if you need to, but I wouldn't let it sit if it's ready to go.