If you're building a PM practice under a broker I recommend having an exit strategy in place.

I network with listing agents too, and the referral is one of my exit strategies.

SFR have the added option of being able to renovate for a retail sale in the future as Andrew mentioned for a potential larger return at exit.

As Will said since it is non-conforming it is very high risk.The problem I see if it is a short sale or foreclosure is when the broker or agent does a BPO or even a regular sale they make small adjustments for it but not enough.As mentioned you have to get it for an amazing price as you do not have enough comps to feel comfortable nailing down a very specific exit value but have more of a broad range.

You didn't say anything about the mortgage or your exit strat.

Your in a great location, always plan multiple exits.

If you have read up on the 70% rule, then likely you should have seen some of my comments which state that the rule needs to be adjusted according to circumstances and one of the circumstances is exit values (ARV).

Your exit is a lot easier without foundation problems and this one doesnt look too bad.

From how to find deals, how to brand and market yourself, useful websites and inexpensive tools to increase productivity, how to perform due diligence, and multiple for profit exit strategies.His course is very interactive and Scott gives many opportunities to ask questions and fully understand each concept presented.

Just always have a few exit strategies in place, whichever direction you go.