I think you should seek out millionaire investor Amanda Hugginkiss to invest in your idea. 

@Amanda Gust No I am not wanting to live there I am just wanting to try and capture some passive income while he lets it sit there.

If you decide to move those funds into self-directed IRA as @Amanda Gust suggested - there will be no tax or penalties associated with the transfer since it is be considered Direct Rollover.

@Amanda Penna Welcome to BP !

Thank you @Amanda Gust!

Hello Amanda Gus  on Zillow its States 168000k and I checked the areas around  that house all the houses go between from 220,000k-260,000k and plus I checked on my fresh comps also  so my fresh comps that I signed up for Zillow and plus the comps that she has sent me in my area they not that far off as far as how much the house will be worth after I repair it but the 78k has threw me in for the loop which that's why I haven't put in an offer ask to see the inside of the house yet

@Sang Han I do not know of any wholesaling networking events, but I am sure there are.

That being said, I only have a few books I actually own that I could offer so far:Books I could let you borrow/trade:- Building Wealth One House at a Time (John Schaub)- Unshakable (Tony Robbins)- The Millionaire Real Estate Agent (Gary Keller)- Rich Dad's Conspiracy of the Rich: The 8 New Rules of Money (Robert Kiyosaki)Books I'd like to read/borrow:- How to Win Friends and Influence People (Dale Carnegie)- Think and Grow Rich (Napoleon Hill)- Tax Strategies for the Savvy Real Estate Investor (Amanda Han/Matthew McFarland)I have a few more business/mindset books, but most others are in Spanish.So that's the idea.

Look up Amanda Han in Irvine.

If you listened to the newest Podcast about how the tax reform affects real estate investors (if not here's the link):https://www.biggerpockets.com/renewsblog/biggerpockets-podcast-269-how-the-new-tax-code-affects-your-real-estate-investments-with-amanda-han-and-brandon-hall/