These types of deals typically would be a yield play, or tax shelter for folks looking to deploy capital (early in the build).

The book has more tips about raising capital and I think it helped me raise my vision of what is possible in  real estate.

Sounds like you are well capitalized to make necessary repairs.

I have the capital to invest, but I just need a solid mentor and path.

Since you've lived in the property for >2 years, your capital gains are tax free when you sell. 

So things that are a red flag for me may be fine for someone more aggressive.1) Portfolio matching: (takes 30 seconds per deal)a) Have an educated opinion on where you think we are in the real estate cycles (financial and physical market cycles)b) Then only then pick the strategies, capital stack, and specialized asset subclasses that make sense for that opinion.

We'll keep the property in the family and use it as a rental, with capital improvements along the way.

Now I wouldn't suggest that with the amount of capital you put into it.

Our biggest hurdle now, is capital/financing.

1: why would you wait to repair and get rented unless you don't have enough capital?