Hello everyone,We are selling a house in Richwood WV 9( sales price $55k)and we are going to carry the paper on it. 

I considered rezoning to commercial and selling to a developer, but as I understand it the city is currently very reluctant to approve these kinds of requests and commercial development is very slow because of high interest rates.

You'll always be safer with that, a written contract, and paying via debt/credit card assuming their licensed & insured.Where in Houston are you looking?

I don't see that it would add appreciable value for the appraisal or for rent, AND when you go to re-sell you would probably want to tear all that work out and put it back how it is now as your typical buyer is probably an owner-occupant and would prefer it as it is now.

Hey @Frank Agyeman-Duah, My co-author in Bigger Pockets upcoming book on Medium-Term Rentals sells a furnishing list, that makes it dummy proof to just order and set up.

Should my Dad just sell it along with my uncles, or should we buy them out and try to turn it into something?

Horrible tenants drove us to pivot and sell instead of refinance.

We aim to have a spread of at least 10% ARV so if we know we can sell in a specific area at 75% ARV - repairs, our MAO would be 65% ARV - repairs. 

Sellers were not selling and numbers were not correct.

Buying or selling an LLC has less transaction costs than buying and selling property.