Be mindful of a gift tax implications if you sell a house for less than FMV.Also be mindful of transactions between related parties when selling at a loss.

If I had to leave a takeaway from this post before getting too far in it would be that whatever goals are had you have, we have these goals for a reason and typically it does not go exactly as planned but even if it doesn't go as planned, we can pick up where we left off and give it a fresh start.

I think it's a bad investment.

From a tax standpoint, there are additional disclosures to make when selling a business asset for less than fair market value to a related third party. 

Talk to the exterminator and let them know there is a problem. 

I'd recommend looking for a house versus a condo.

I’ve been thinking about partnering with a successful wholesaler and seeing if they will expand their operation to include the zip codes I am interested in.Example:  I would like to partner and give money to a successful Detroit or Texas wholesaler and see if they are willing to add my Georgia target market to their operations.Before moving forward, I wanted to get some feedback and advice from those who are wholesalers or who have partnered with wholesalers.Has anyone ever heard or have experience in a partnership like this? 

It is a very safe play.

I help several local investors and we do have a meet up.

You state there's a lot of deferred maintenance, then state it is a remarkably well maintained property.