Hi Justin, Since it looks like this property, as mentioned above, is exclusively an investment, what did you have in mind from a business plan standpoint?

To "soften" or reach a compromised we agreed to ONLY have $30K of the $60K in funds be considered "OPTION CONSIDERATION" funds (giving us the EXCLUSIVE RIGHT to buy the property at the $300K Purchase price) and the OTHER $30K of funds would be STILL be given to them but we informed them that it likely will be consider TAXABLE INCOME to them.

We talked to another guy recently who made nearly six figures installing chrismas/holiday lights.

No one wants to work for free and you could sucker punch them right as they are going into the holidays. 

This was almost exclusively done from my desktop, although I went to site a few times, I could have probably gotten away with never having went.My biggest regret with this project …..

We're coming into the holiday months with Thanksgiving, Christmas, New Year.

He hustles off market listings and brings it right to me and then I get an exclusive property to show. 

The property will be available to view early next week (after the holiday weekend) for estimates for the job.If you know of any solid, reliable general contractors who work on rental investment properties . . . your recommendation would be greatly appreciated!

@Sergio P Ramos, while I try to avoid listing during the holiday season, I just had a flip go pending last night.  

(adjust cost basis - net sale = net gain)Once you have that you can deduct state and federal taxes from that figure.It doesn't sound like it in this scenario, but if you have lived in the property for two out of the previous five years you could qualify for the 121 exclusion.