@Jim WelchCan you reach out to some TK providers in Dallas who could sell it to rental investors and make a marketing fee from you Also if you place a tenant, you could use Roofstock to sell it as a rental property Just a couple of tips

So I had an idea of learning financial modeling, and offering to analyze deals for a small fee ($20 bucks or so).

Then the next big question is how will you finance the deal, just given the NOI and revenue/expense ratio the deal should cash flow, but looking at actual debt service will make the picture a little more clear.Other numbers I don't see that may be baked in are vacancy, reserves, management fee (even if you plan to self manage).That all being said, it could be a great deal but need to know more. 

So here's my new and improved offer-  $5k down option fee for a 3 year lease option. 

When you assign your lease option for a fee it is essentially the same thing as selling the contract.

Then there are annual dues and fees to keep your license active.

Based on current rents, average unit price appreciation, condos fees and property taxes - it would be a negative cash flow for the first 7-8 years, excluding planning for any repairs or vacancies. 

I was wondering how should I go about checking the transfer fee for the title company to help me make the change from my personal name to the LLC.2. are there any stamp tax involved, or capital gain tax involved (unsure if the state recognise that as a "sale").3.

I would have them both apply, pay the application fee and see if the second person is really better or not.You could tell applicant number 1 that they are in the qualification stage but that property is still being advertised until you sign a lease.

If I were you, id high ball everything , sounds like major damage to this house     maybe shoot for 60k rehab, high points on the hard money..... even if you buy cash at 30k +60k + hard money fees + closing costs ... you might be able to squeeze a 10 percent return out ..... if you have good contacts id say maybe It could work ... if you have only done this a couple times , maybe pass on this for something with a quicker turnaround time