Her dad would be able to lend us the money and split the profits after the sale of the home. 

Sale price is acceptable, but would want to get it lower.

If for some stupid reason the parties overlooked this in negotiating the sale of the building then the new owner is stuck for what ever is down as security deposit on those leases and is responsible for honoring that to his new tenants.

It was a great meeting, I plan on joining and attending regularly.

You'll more input if you provide:Comps, with SF, bed/ba amenities, condition/upgrades at time of sale, etc.Same info for the subject.Don't expect us all to do all the research to come up with the comp.s

I am currently in Houston and looking for job in sales, or real estate.

Closing of the purchase  could happen as soon as this week so I am anxious to get started and move on to the next one.My dilemma comes from the "turn key" company that helped me buy the house (it is an REO, so they provided the realtor) and they also are supposed to manage the rehab and the sale. 

There is nothing the same about buying a home to live in, or an investment property...even if the two are identical...right down the the cost, mortgage, utility bills, all other bills, purchase price and sales price.  

The five acres next to mine is currently up for sale.

I have been in sales and marketing for almost 30 years. but I have a few major questions that might answer the question of why so many fail at it.1) Do you need a license in the state of California to close these transactions?