Even if you find something to buy with $20,000 down, you should still have a reserve in place to protect you against unforeseen situations.

The 51% ownership allows for decision making in such circumstances.

I do listen to some of his stuff and he does have good advice given the circumstances. 

Under what circumstances would the income be treated as capital gains?

In this deal, I remained committed to upholding my standard realtor duties and due diligence process, despite the unique circumstances of a judicial sale.

And, in those circumstances, it's considered like-kind to any other business or investment real estate. 

Additionally, the flexibility of renting allows residents to adapt to changing life circumstances without being tied down by a mortgage.From an investor perspective, BTR projects present an attractive opportunity to capitalize on the growing demand for rental housing in high-growth markets.

Your unforeseen variables of this project coming in a reasonable time ( think 9 months) is the real problem.

Without checking the title yet, My question is, should I still possibly pursue it under which circumstances?

But, they're fraught with little nuances that depend on your circumstances.