@Kris L. if you are looking to make one last comparison, I would see what @Josh Green can help bring to the table.

You're definitely in a unique situation, but there are some SOPs that apply here. #1, know your guest avatar.

While every project is unique, the basics he highlighted are essential parts of any construction contract.

This may be to deliberately prevent discovery of other electrical issues or prevent fire/injury.You will need some form of hard money or construction financing to purchase the property as is, and you will need to get the property occupant-ready to pass an appraisal before permanent financing is on the table.

Notice that the table you just pasted in matches my Scenario 2 exactly.

There are a couple of unique tax laws to real estate investors - 1031 exchange, bonus depreciation on certain improvements, Qualified Opportunity Zones, real estate professional status, etc.Make sure that the accountant you interview to understand the above concepts.best of luck!

Pretty cool.You probably won't find this type of home in Florida or anywhere where the water table is high.

I turn the tables on the wholesaler calls.. if i can get past the telemarketer and get to the owner I then explain to the owner how I can fund deals for them..

I love the feedback received so far and certainly appreciate the time everyone has provided to share their views and experiences.The relocation benefit the company will provide is also unique as they will possibily cover the closing costs in case of a sale (not sure if its in its entirety though) or provide 2 years of property management if we decide to rent.

Like @Tim Ryan said above - maybe someone else brings the cash to the table.