If so, the only costs of the loan will be the upfront admin fees, correct?

@Alexis Renny I think your doing everything correctly as of today but I would be cautious in calling code enforcement in regards to operating an illegal business because most probably the violation would go against the property which in this case it is yours.

Im thinking.... the property was sold so the previous owner's lease is null and void, correct????? 

Jordan Page You’re thinking that 3 incomes is better than one is correct in theory.

you can find pre foreclosures on the MLS which are owner occupied and you can wholesale on those correct?

As an installment sale for 2018, I will be taxed on the $5,000 and the interest earned, correct?

I run the risk of NOT becoming the owner if I am outbid at auction, correct?

I can simply just use my name as the limited partner with my only exposure being the amount I invest correct?

Wes is correct.

If the cost of the inexpensive car is less than the taxes you expect to pay on the 179 recapture, then (solely from a monetary perspective) it may be better to pursue the inexpensive car for personal purposes route.