If you are looking 3-5 years down the road In my mind I'd want to have a "not to be under xyz amount" whatever that is to make it make sense to you, but then having the property appraised or using a CMA from a local broker to guid the valuation rather than zillow. 

Do not listen to get rich quick schemes3.

I will insist on a quick walk-through with my contractor friend, and if that is not allowed, I will walk away.

Any advice to guide me on this thrilling decision-making ride?

Too many gurus out there saying wholesaling is a quick and easy way to make money fast, only to sell their courses on wholesaling.It's a grind.

A Quick fill in.. we have a Commerical Resident property with a lot of equity and we are looking to use some of the money to buy a small seasonal business that has a ton of cash flow. 

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best!

I would probably recommend that you pull some of your capital and use it in active investments that will grow your equity very quickly like flips, BRRRRs, value add multifamily, etc. 

It was listed at $55k and my $50k offer was snatched up by HUD as quick as we wrote it.

I work with Airbnbs here in Denver and can help guide you on the various regulations in the mountains and Denver area.