I'd find the house (both our names would go on the title), rehab the house (plus, in my case, I'm a licensed deleader so the property would get Lead Certificates too), then get the house sold. 

The real answer to this is going to come down to:  what are your personal goals for real estate investing and life, and which path will best lead to those?

@Karran GuptaHi there,I found the Jersey City departments very helpful and informative when I called.COVID messed up my plans so I didn’t go through with the permitting process yet.I would call them with short clear bullet point description of what you are doing.They will explain the steps to you.Then ask roughly how long a permit similar to yours is generally taking at the moment if there are no issues.I can tell you that they guarantee you an approval or denial within 20 business days from the time they put it into the system.The steps that lead up to that are few and somewhat reliant on your doing things right as much as Jersey City.You could also hire an expediter.

I currently have a quote with a lead time of March 2021. 

I’ve gotten some great leads from there.

Between the lease, lead pamphlets, lead disclosure, move in conditions checklist, I feel like I have allot of papers here.

One bad referral can lead to multiple bad referrals and chances are one of those bad referrals will have a negative impact on your investment somewhere along the line.

This report looks at asbestos, lead paint, wetlands etc…(this takes about two weeks)22.

(Indy is listed by the Wall Street Journal as a leading national life sciences hub!)

But today, you have a considerable amount of equity built in paydown and appreciation to access, and you can use that equity to improve the current house and purchase more.Many people find suitable alternatives to manage a handful of properties from a distance, so even if you move eight hours away, you can do most of the managing yourself by building relationships with contractors and real estate agents, paying a small fee for them to help as need requires.Only sell if you know the choice is mathematically correct, rationally made, and leads to more property acquisition now.