But I spent a lot more money and spent 3 additional months. 

Samsung has already devoted around $40 billion to the project and now they are getting an additional $6.4 billion from the government.

Based on the OPs description, the Grantee in this case may just do that.I'm not an attorney and this isn't legal advice, just my opinion. 

It sounds like you have equity in your property based on your numbers provided.

In addition to what @Manny Vasquez said, which is correct, Capacity includeds the age and abilty to enter into a contract.

Additionally, networking with experienced wholesalers or joining real estate investor groups may provide valuable insights and resources for obtaining wholesale contracts tailored to your specific needs.

I'm obviously bias because I'm in the Chicago area, but I have partners constantly buying properties for ~$150k + ~$60k in Rehab and then ARV of $300k doing Cash Out Refi's based on Long Term Rentals or AirBNB, Flipping the properties, or Wholesaling the deals. 

Cost overruns are very typical with first-time flips, and I would strongly suggest any real estate investors, especially new ones, have access to additional funds if they find themselves going over their budget. 

Determine your investment criteria based on your objectives, risk tolerance, target market, property type, cash flow needs, and desired returns.Gather a solid team of experts such as real estate agents, lenders, attorneys, contractors, property managers, and accountants to assist you on your real estate journey.

.- rentals do not go under an S-corp, which is why a separate PM company was suggested- S-corp technique on reducing SE tax is both tricky and costly, and you cannot set up your salary arbitrarily- you can only base your 401k on the part that IS subject to SE tax- you usually cannot generate enough "earned income" from this 2-companies setup to make it worthwhile for 401kSee, it is not simple.