From what I can tell comps indicate a value of $150k based on a couple recent sales.  

The real property is not held for passive income or long term appreciation, but rather is treated as inventory in the course of a sales business.  

The gc I used was old and wise and lived within his means, however he told me that 15 of his leveraged friends went under and had to file. things are booming again and I'm getting stupid prices when I sale, heck I just saw a person post on the forum about needing a general contractor in Helena Ar!!!

The property I'm interested in has a sales price of 70k and is listed on the hudhomestore website.

Should I get my sales associate license?

(His sales are good for me too though).

There was a two family home in the neighborhood where I lived, with an old For Sale by Owner sign.  

Remember if I sell I gotta pay sale costs too.

By the time you factor in longer Dom, higher holding cost, and lower sales price you will end up losing more money.  

In any of these scenarios the entity that owns the real estate is the "borrower" while you and any operating companies may also be co-borrowers or more likely guarantors.You are correct in being leery of transferring any property after the fact since there may be additional transfer fees but your promissory note may actually include a due on sale clause that could possibly be triggered.Hope this helps.