Fun fact: Before deciding to become an entrepreneur, I worked as a Ticket Sales Representative with The Memphis Grizzlies!

Moreover, I would recommend prioritizing a W2 position over 1099 self-employment/sales for two reasons.

Before making any decision, I would get a customized property evaluation by a local Realtor to determine the value of the property on both sides of the spectrum; sale OR rental. 

Even better, I might be able to snag it well under market value since it's an estate sale that's been sitting on the market for nearly 200 days.Here’s the challenge: while I could afford to purchase the property under market value, I’d be stretching my budget thin to cover the mortgage during the period I’d be remodeling the basement to make it rentable.

Purchase price: $75,000 Cash invested: $10,000 Sale price: $120,000 This is a 2 bedroom 1 bathroom single family detached house is South Georgia.

Today its nothing one sale maybe 4 in a year in a mid west market..

From what I know of the sponsor’s background, they have NO basis to believe they can successfully navigate the very complicated business of revitalizing a name brand via on line sales only.  

And last but not least, the sale listing.

More importantly, does anyone have an outlet that will appraise the property off of an income-based approach appraisal and not sales comparisons?

Well, how much is the lot for sale for?