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.

@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.

Most folks advise against investing long distance investing.

Or any seasoned investors that could advise on smart steps I could take in this period in life?

This is my first Lease Option and I need specific advise on how to exit this property.My situation is complicated by the following:I am a Realtor and have a duty to disclose important informationI am clearly effected by what could be a conflict of interest if I list itI can't list the home as a "FSBO" because I am not currently the ownerI can't list the property on the MLS because the owners would have to sign the listing agreementI think I could potentially take home about 30K after selling the property at today's value, but if I list it on the MLS and pay my brokerage, pay a buyer's agent and transactional lender for putting up the money on my end, most of that disappears.