Which I already know is going to be fun due to the uneven walls, and true measurements of the studs.Here to learn, and avoid costing time or money on something someone already had the answers too.

I think you wait or HELOC it, take out and payoff any credit card debt.

In my CT market, if I can get a true 9 CAP (w/out PM) for B- properties I am happy.  

It's definitely worth it to view those properties, if possible, that seem toooooooo good to be true.

And yeah, I'm as tech as they come and I love going to Houston once a quarter and taking a 2 foot tall stack of $$ out of our VTM (the machine that people put cash in to loan $ onto their cards that are used by the W/Ds)

I'd like to get some advice to see what anyone would do in my situation and if they would be cautious of red flags.So I'm currently in business with my dad.  50-50 arrangement, we own 1 property  so far and all has be...

Do you know if they were true Zillow employees or contracted out?

If that is true, then you are 100% legit, but I have not actually read the IRS section it was referencing to know for sure.

@Ross Flaharty doing a true calculation will be challenging. 

It depends on what you want to do there are many people on BP who advocate what I consider to be a house of cards with borrowing everything you can to maximize mathematical return.