Any other ideas would be awesome! 

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I found this deal off market; it was my girlfriend at the time's uncle who owned it, and we pitched him the idea of buying it from him.

Great idea on the REI groups. 

Quote from @Jerry Velez: Hi Community,I have been thinking of some creative financing ideas and this one has been intrigued.

I am thinking of trying to get a network of investors to meet regularly to exchange ideas.

They didnt seem thrilled about the idea but didnt outright say No, either. 

Any ideas on what I could turn it into to help generate some extra profit?

The idea of LTR in SFR is in my opinion the best place to start. 

I believe this is what they call a pier and beam foundation which I have no experience with so I have no idea what it would cost to fix.