It is well worth the price.

If you do the bootcanp you can join the ongoing MHU which is totally worth it

Based off comparisons in the neighborhood, the house should be worth anywhere between $175,000 and $215,000.

If rehabbing the property will significantly increase the value it would be worth escalating the rehab.

If rates fall later this year as forecasted, it could be worth factoring in the possibility to refinance and bring my mortgage down low enough to continue renting it as a short term rental or consider renting it mid or long term. 

2) How would I record this transaction on form 8824 and form 6252 (assuming those are the correct form to fill out)?

@Momar Mbengue why not invest here in Fort Worth?

In our previous discussion, we delved into the effects of interest rates on small businesses, but it’s worth noting that these rates also have considerable influence over larger enterprises.Corporations are facing a daunting challenge this year, with roughly 33% more debt to refinance, totaling a massive 1 trillion dollars or more due in each of the next four years.

If the seller thinks the rentals are worth more the seller can keep the homes and pay you pad rent and keep the difference. 

Public records on recent purchases in the area.