I have recently found a great property to put under contract (excellent), the owner is very motivated in getting the property off her hands, she has a buyer in mind who wants the property(her sister)  and even agreed to lower the offer I originally gave her (sounds like an easy sale right).

Very good choice.  

It's a tough choice... in order to get the egg.... you gotta feed the chicken... and take care of it.  

Has excellent credit but only in new job 8 months, plus it is a sales job where a large % of the income is commission, but making good money. 

Contractors are tougher now than a few years ago when the market was soft and even the great contractors were in need of work...These days, you have two choices -- find perfect contractors and let them run with the project, or find not-so-perfect contractors and manage them closely. 

I think having the freedom to make those choices is many investors end goals or at least one of them. 

Isn't usually worth it.if the property is held in a trust, then the choices are pretty clear cut.  

They don't want to chance loosing that and understand that if they get evicted, it can have jeopardize their ability to continue on the Housing Choice Voucher program.Even though we have chosen to target only C+ and better neighborhoods for buy & hold, we've already made the decision to accept Sec 8.  

A few examples of people who seem to have good strategies for a market in flux: Show 2 with Karen Rittenhouse on “subject-to” deals, which seems like an excellent strategy in a market where homeowners may have just lost their jobs and can’t afford their mortgage, but want to stay in their houseShow 19 with Tracy Royce, discussing short sale strategies in great detail.

If it is, they're not a good choice.