I don't know where you are with the numbers at this point, but I'd keep at letting serious potential buyers know you are open to an offer that discounts based on the septic.

Would you buy it today as a rental property today if you could buy it at around a 10% discount to market price (approximately what your net proceeds would be if you were to sell it).

So don't completely discount the value of REIAs.Quite frankly between the REIA meetings, BP, books, podcasts and an effective marketing program you should be off and running in no time!

@Dawn Anastasi I have tried Craigslist for trying to rent it out - but not to sell.In general many times I feel a little uneasy with Craigslist because of scammers, and potential crazy people (and I have run across both) that lurk around there.For now, I have decided to sit tight until after the holidays to get my head on straight and develop a solid plan for dealing with this property.

Another way is that I have separate lease agreement and option agreement with sellers, then When I have buyers, I will just assign my option agreement to buyers, and have buyers have a straight lease agreement with seller.

Then account for a hefty vacancy and repair charge by discounting your estimated rents by x percent.

I am not at all convinced that the home cannot be purchased at a deep enough discount to resell the property because many have done just that in the past.

I'm going to go ahead and be straight forward.

. - having opened this can of worms, I guess I'd better thread one on the hook...If 'by all of that' you mean will I shop for a property that gives me at least a 30% discount, dropping that equity right to the bottom line, fix it up with the bank's money, get a 10-12% cash-on-cash return the first year, have the tenant pay all the expenses including the mortgage and own it outright in 15 years, why yes, yes I will.

Such circumstances in high value properties can be justified in doing without personal liability to cover the debt.No investor buying some median priced home in a straight up, customary transaction should be doing such without a personal guarantee unless there is a valid reason mentioned above.