Just be sure to put a lot of thought into the full impact your actions have with the public...because it's damned near impossible for a new business to bounce back from a negative reputation.

If it's a long term buy and hold it's not a huge deal as long as it produces enough cash flow to be worth it.I would pay a couple hundred dollars for a structural engineering report and take a reputable mason to evaluate it as well. 

One other thing not in my original post, it is understood that an evenutal consequence is that our daughter's basis, when she buys the property, is the low sale amount, which could affect her in the future if/when she sells.It would be better, of course, to die first, and have her inherit the property with a "step-up" basis. 

Get a quote from a reputable contractor if you don’t have enough experience to ballpark it.

Additionally, every property is unique with different methods and terms of financing, performance, tax consequences, etc...

I am still living in the past, where your word is your reputation and your reputation is your character.

I recently booked a single family home from a reputed builder in Frisco, Texas.

My end goal is to become and active and reputable Real Estate Investor.Areas of Interest: Dallas/Arlington/Fort Worth-Wholesale/Agency (I understand there may be conflicts of interest if not handled properly)-Flip/Rehab-Buy & HoldDoes anyone have any suggestions?

While there are some shady characters out there, just like in every industry, there are a handful of very reputable ones.

Hey I'm sure you've found someone, but If not I have reputable contractor in Oklahoma that has been in the business for 20+ years in roofing & construction.