The rehab can take 2 weeks, 2 months or 2 years and be quite painful educate yourself avoid costly mistakes. 

They can be a pain in the butt with lots of fees.  

What I can think of the rest of the work for the house is: Sheetrock, paining, flooring, installing cabinets/counter tops in kitchen and bathrooms, tile up around showers, appliances (water heater, dishwasher, range oven, microwave oven), light fixtures, interior doors.I am posting here to seeking advise on any major to-do items I missed?

He's got the property and the financing 100% in your name, like a good flipper you are in and now out of ownership in that property with hopefully a tidy profit, him and his wife live happily ever after, everyone gets what they want.I have no idea what parent to child transfer rules are in PA, in CA (and specifically the Bay Area with our crazy transfer taxes) this would almost certainly be the way to go in order to dodge both transfer taxes and a property tax reassessment.

Pain regarding the books, but seems like the right thing to do. 

As paying by cashiers check each month is  pain, and expensive.

It seems to me like I am perfectly positioned to do so, as I see the commercial real estate space, especially here in Denver, CO, as one that has a number of red flags signalling a collapse in prices.I'd like to get some thoughts on this analysis.The Good - Market Fundamentals: To kick things off, I think that the most important fundamentals of the CO real estate market - both commercial and residential are strong.

Now, don't get me wrong, I've been a decent return in 63118, but it's been a pain in my side.  

At some point the pain of holding on to it reaches it's peak and whoever follows up gets the property at $120k.  

It's a signal the price is too high and the landlord has no experience.