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Realtor Advice on Possible Rental/Flip
So I am a realtor and have a property on 1 acre just outside of a small town on a country road. Anyway, I've had this property for sale for a long time 9-10 months. The price has been dropping because they've tried to sell this house for a year before I took it over. I recently came across a prospect that is rebuilding their credit and wants to do a lease to own or rent it for 6 months to a year and then purchase the home. My clients want to sell the house as soon as possible so they can buy some land. My question is, if I were to buy the property and then turn around to use the prospects to make money off of it, what would be the best route to go? Rent it out and then sell it? Lease to own? Contract for deed? The house has been sitting for some time now, so I'm worried I would have to replace multiple things if I rented it out just to sell it 6 to 12 months later. The prospects said that they are in construction so they could do the work on the house. Anyone have any ideas?