That will be when you put in Granite countertops and hardwood flooring.Just an FYI, if you only do what is required to bring to code, you should be able to recoup all your money plus the 25 or 50% interest.

The rental is very nice (built in 07) and had new appliances put in at the start of this past lease.

Just put in a general "Due Diligence" clause that gives you the right to inspect and perform due diligence for a period of X days, and allows you to back out if you're not satisfied with the results of your due diligence for any reason.Are you planning to tell the seller that you're wholesaling?  

The question I ask people that want to carry is simple, besides knowing how to shoot a gun, are you totally willing and able to pull the trigger.Many people learn the mechanics of how to shoot, but aren't totally sure they could/would if put in that situation.If you are going to carry, many people like 9mm, however I don't really like the lack of knock down power (as a friend who was a chief of police for 20 years said, it will kill someone,  but it doesn't tell you body your dying very fast).A 40 caliber, I have a chiefs special, is a fairly small gun that has some knock down power, it is also VERY loud ,,,,I don't care if I hit them or they run away, as long as they leave!

I live and invest in Philadelphia Pa. in zip codes 19134, 19125, 19137.My second issue is getting a mortgage prior to settlement when I put in an all cash offer.

You may not find properties like that discounted 30-50% but if you are willing to put in sweat equity you should be able to get a 10-20% discount on some decent rental units with acceptable cash flow...

This is what I refer to as a "shiney object of distraction".This could be a great deal, but for an experienced investor.  

Trying to figure out ways at least get back the money i put in to it by selling it.

The realtor didn't put in the beds and baths into the MLS system, so some folks are going to have missed it.  

Here is an actual deal 123 main street, where we would offer X ... put in Y and make Z ... or rental 123 main street, make ready ____, rents for _______, and we would be netting ______.  4.