You might ought to hire an attorney and/or a CPA advise you on which way you should go once you have decided on what you want to do.  

Need advise from auction and other investment gurus in Northern CA. 

In advance I thank you for your advise.

Knowledge is power and just looking for advise and suggestions on what would be a good next move.

Single family house near a retail area, surrounded by homes with values around 140K-170K. It needs a lot of work on the inside. (Approx $30-$40K)110k house, (buy at 100k)Rehab $30-$40K. I used 40K for planning purpose...

If you want specifics, coverage, or need anything else, feel free to let me know and I'll be happy to advise.

if it is not monetary compensation for their work. 

@Jay Hinrichs - I've met Brian Burke at his office a few years ago and gave me some great advise on investing and syndication structuring.

Obviously you need to consult with your financial adviser before you make this decision as it will have long and sometimes lasting affects on all parties involved.I hope this helps.

& you are right...rent to price ratio doesn't make sense.Listing agent advised listing it for $620K, staging it, etc...Property is free & clear, but what i could net is still not enough to do a good 1031 exchange.