Keep it up.One bit of advice is always always always look for indications of a turn in the market.  

The things that have happened to properties while silver keys have been checked out is very minimal.  

Your purchase price to rent ratio is indicative of a mediocre investment.

The comps from the Realtor seem to indicate an ARV of 100-120k.  

For demo work you could hire unskilled workers, and only need a minimally qualified supervisor to make sure they keep moving.If you do decide to the full job, or want to investigate the possibility further, get The book on Flipping Houses by J.

If you are being bombarded with calls it may be an indication that you are underpriced.  

I find homes all the time that need minimal work and are too much to get at a deep discount because the owners know that it's worth more but not in the condition that real estate agents are used to, to show and sell.So I wanted to know if there were any lease option investors in the area.Sandwich lease options are a great way to invest because you can cash flow and have the potential to make a nice profit when the tenant-buyer buys.

Does anyone know of strategies for minimizing income taxes on intra-family land sales?

I also asked if he could contact the seller so we could look over the income statements and operating costs.My realtor indicated that we need to make an offer on the property, subject to all of the above.

My research indicates the owner owes around 100K and the property is worth conservatively about 125K in good condition.