Other than the issues I mentioned in my first post and this post, the house is perfect. 

Many folks here want to assign financing contracts, what is the priority of liens and how are they perfected?

A lot of investors like to "look" around to find a perfect deal. so a investor who is serious about buying is a good client. 

It is a good property in a good neighborhood and would be perfect for a cosmetic rehab and flip, or to continue as a rental (with me on the other side of the table).

This is the perfect place to learn more about REI.

This is the perfect place to learn more about REI.

To answer your question (i dont mind) yes it is family money, My parents arnt "rich" but it is money my father uses to play stocks with so he is perfectly aware of the risk and is interested in real estate but just never got around to it.

Even though its fully underwritten 2 years tax  perfect fico. and skin in the game. 

If the taxes can be absorbed in the deal, then its perfect.  

Going off the numbers above the profits would be best case 18% and worst case 2%.So if everything goes perfect, you sell it for $250,000 FSBO in less than 3 months after only taking 1 month to do all the repairs, financing it with a low fee, line of credit or bank loan, and no unforseen repairs then you will make about $45,000 profit if you buy if for $175,000 minus repairs.Now if it turns into the rehab from hell, you still have to sell it for $250,000 but after taking 2 months to fix things you didn't budget for and trying to sell it FSBO for 3 months, you decide to hire a realtor who then sells it 3 months later so you can pay off your hard money loan then you will only make $5,000 profit, but you would still have to buy it for $175,000 minus repairs.