Compare them wisely and then make a decision.

This has been a rewarding and flexible career but I intend to transition that experience and insight into building a cashflow vehicle of my own. 

My long term goal is positive cash flow as I intend to own the home for 30+ years and appreciation discounted over that period of time makes very little difference to the return I make; it's more about the rental income compared to the total cost of the house for me.  

However, we could list our home tomorrow for $140K.Clearly I understand that I'm comparing apples to oranges bc a mobile home is not officially real estate and our house is.My point is, I think (and I could be wrong) that I could rehab this property and sell it for $27K.Thank you all for the input, this really helps as BP is my one and only location for industry professionals to weigh in on this situation.I know my first deal won't be... well, ideal.  

'here' which is 100 miles plus distance to compare the three. 

I'm getting a comparable amount of response from each.  2 years ago and earlier it was all Craigslist to good advantage.

Its all about YOUR risk vs. reward tolerance, and personal goals.I personally would say unless you have already amassed some equity and cash reserves sell now and go  do the same thing again then you will have $70k then again and have  $105k and so on...keep doing what you know how to do until you have enough cash reserves to get into the long term buy and hold game and can afford to weather any storm that may come along.Good luck.

Hi jesus, Find out who the best (the one that lists and sells the most similar properties near yours) local realtor is and tell them you are thinking about selling and they will provide you with a free market analysis or CMA (comparative market analysis) that will include recent comparable sales and an estimated time to sell or DOM (days on market).Tell them you want an as is valuation and an after repaired valuation and what repairs would add the most selling value.Then get estimates on those repairs, and see which way you come out best.Good luck.

My goal is to be able to quit my job in 2 months and live strictly off of real estate profits. 6 months from now, I would like to have our own storefront business and be a big enough investor that we're comparable to other real estate companies in our area.

Now compare this to the same property on a ground lease with 10 years left on it.