You are not going to make anything on it, so you will not have to worry about capital gains. 

Hi @Matthew Mclean, feel free to reach out via email to any of the real estate-savvy CPAs here on BiggerPockets.

Yes, you are foolish.At 100% things can not get better and only go wrong.

if you have no money to put down then you're not ready.here's what i would do instead:-save up enough until you have enough money to do a live-in flip-do a live-in fliphope that helps

I do not have enough information to casually advise you as to your best refinancing options.

Buying a turn key rental, in an area you know or knew well, with a property manager you've met and trust, in an area that is large enough for you to have other options to find contractors and property managers? 

Hi there :)I'm brand new to real-estate investing but motivated to take action and start gaining momentum on my dreams of building a portfolio of properties. 

@Brandon Le welcome to BP.  

- My first thought is offering cash, but the home owner would most likely just let it go to foreclosure because of how low the offer would be. - My second thought is offering some cash and taking over the loan - there are no liens on the property yet.

How has it been going so far?