The question is really what you would do with the proceeds and how does that compare to the current situation.

They bought during the bubble years but besides the siding there's nothing else that needs to be done.I appreciate everyone's input.I'm sure you know, but the "50% of what previous owner paid", while a nice fact, is still pretty meaningless, and you should be comparing to the current MV supported by several good comps.

That might seem scary, but run one of the numerous retirement calculators and that number might look achievable compared to the numbers they cough up.

Also, Hawkeye does not charge any money upfront (except maybe a $49.00 fee, don't remember exactly) which was nice compared to other similar companies I looked at that wanted $1,000-$2,500.

Just taking a guess but it seems like the foreclosures and short sales put a lot rentals out there and watered down the rental prices.

You need to compare the rents to the price of the home.

@Simon Campbell : what is the difference between a BPO/Brokers Price Opinion and a CMA/Comparative Market Analysis, which I can get from a local Realtor?

You didn't give any rental info, so it's hard to compare selling to holding long term.

Got off the with owner of the property ( which happens to be out of town owner) place is a mess code violations grass pass my waste and roof got holes/ sunk in ( major water damage.I believe this house would have to be tore down.Anyone ever wholesaled property that would need to be tore down....

Is there someplace to compare the houses to "TODAYS" prices, not years ago?