Landlords who maximize profit by neglecting maintenance find issue with them.  

If we buy it, make it our primary residence, and sell it in 6-8 months, what kinds of taxes will we owe on the profit?

Here're just a few I like:Lifetime Cashflow with Rod KhleifWheelbarrow Profits with Jake and GinoBiz women rock (podcasts don't have to be RE only, they can be general education/motivational too!)

Banks don't see much profit off a 50k mortgage, anymore, which creates a void.

Conventional landlording is the least profitable way to operate a rental.

        Your cabins are or are not profitable, accounting for property management and your deductions as an expense? 

Original owner would have made a lot more profit if they had simply rented and then sold the RE after the outstanding appreciation. 

I'm looking to get more into real estate investing and pursue building my investment portfolio.

But can I have some sort of profit from the LLC that I can use to live on right now?  

If the offer of 140K is too low, I was also thinking of adding a stipulation that if I sell the house above 225k, we would split the profit.