The street is nice and clean and there was one 5 doors down that rented for 1175 same size and floor plan etc.  

My specific area is in a higher end part of the state and the prices are just outrageous, due to its location and popular summer rental demands.

I generally think markets have a sweet spot that provides the best return and it varies by property.With a little research, we can define the upgrades that will be the most popular and then discuss contractors etc that might be able to help you out.

I have an off street parking lot for 6 cars so that will help.

Here are the details:Duplex purchased in August, 2015 for $155,000ishLived in one side of the duplex until September 2016Both sides rented for $1,200/mo ($600/each) when I first bought itBoth sides now rent for $1,800/mo ($1,000 for renovated side/$800 for other)Cash flows well for me (about $8,000/yr) and I have a very reliable, cheap property manager (good buddy of mine); total expenses are around $1,125/moHaven’t added up all the numbers, but estimated renovation costs were about $25,000Reasons I am considering selling:Live in Dallas - don't want to deal with property out of townInterest Rates rising (slightly afraid of a market dip): my property manager will be leaving College Station in 2 years (once he graduates) and I might have trouble selling the place at that time if market is in bad shape; don't want to pay 12% for a conventional manager to handle it, but I could do that if need beConsidering buying and building in Dallas 'M streets' area (for primary residence, not investment) - which will be quite expensive; we have savings, but if we had to pay cash for a distressed home or lot in the area, then that would be tough without this capitalLooking to sell for about $230,000, which would be about a $50,000 profit:  don’t want to pay taxes on the gains, but I am unsure of how to manage the situationCan’t live in it for another year (to get to 2 of 5 years primary residence)1031 exchange to personal residence seems tricky – I assume I would have to exchange for another investment property, establish it as such, and then convert it to my personal residence sometime down the road; also the timing on these things seems absurd (45 days/180 days) unless you have something totally lined up, which I guess is the pointAm I up the creek and I should just sell it and pay the taxes?

When I looked up the owner again the other day I noticed that he was the same guy who bought, fixed up, and rented the house across the street from me last summer. 

I have ran numbers on what I believe would be a very good deal for a 4 or 5 unit and am wondering why this isn't more popular.

Hi Shane,Lots of factors to consider in the Indy market as many people have said before it is very street by street and block my block.

But maybe there's something...A couple of years ago I met a guy on the street who's father had a house that was sold to him on contract from a Dutch fellow who died halfway through the term (in 1987).  

Or the cross streets?