Also have you looked at the property to get an idea how much work the property needs ?

Wondering if anyone can give me some idea of howlong these types of properties are taking to sell. 

Contacting a CPA is good idea,

But I think it can be a good idea to network and know other real estate Rochesterisans (is that how you write it?)

Is there a simple idea of the fees that might be involved for setting up these business accounts?

Also, completely off topic, he owns a small juicing company located in Minneapolis.  

Always happy to network with other investors so feel free to reach out if you want to bounce and idea off me, talk neighborhoods, etcJoel

This is a great idea!  

. - you could offer portion of the profits - i would note I think it is a bad idea and your better off getting hard $ and paying the contractor Family or friends and business do not mix well

@Chuck Webb Interesting idea.