The tax may not be much, but if she has a 30K mortgage on the home and I buy for 40K, she may only get a couple grand. 

get a listing agent and get a better number for the resale price and improve it to get top dollar  Buy it fix it and resell what I might do is use a private lender and do a joint venture with the seller and make 20 grand @Steve Vaughan what do you think ?

Think OJ, not guilty of the crime, but found responsible for it.First get familiar with the sections of law that pertain to Theft, Grand Theft, and Burglary.

you can easily blow right through 50 grand when the verdict and judgement amounts are announced and after 50k, he's paying out of pocket.

You might not make much but a couple grand.

Oh, and my state law says if I tried to scrap it, that would be grand theft auto.

There would be sufficient income to pay interest in the beginning, but the grand plan would be to stockpile as much cash as possible on the first deal so we can refinance, cash out, and purchase another property with the funds.

grand total $40,000 Negative : ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ You have to use the city of Milwaukee approved contractors.

But certain a grand or more.

One of my favorite ways to get my Tenant Buyers on my lease option assignment deals to "find" the 3% to 5% option money is from relatives.Some relatives can lend from their IRA, going through an approved custodian.The relative can not be a "direct line blood relative"So no parent or grand parent.But step parent, step grandparent, uncle - aunt is ok.Get an understanding on loans from IRAs fromTrustEtc.com https://www.trustetc.com/resources/education/artic...What is prohibited https://www.trustetc.com/self-directed-ira/rules/p...Hope that gives you ideas.If that fails, finance the option (you can do that in commercial, not residential).2 checks each month - $3000 plus $500 - $1000, for option payment.