I REALLY dont want to have to pay taxes on it because I hate giving away money to a government that's never going to give me my SS money...I think I should just assign it because whoever I assign it to may look at it as I am a good wholesaler for finding such a good deal, and being "honest" and just taking a finders fee and not trying to rip them off by taking most of the equity....Then that way, for future deals, they will be willing to buy from me, and possibly give me a couple of friends who can go on my buyers list.I dont know for sure....OPINIONS?

I have no desire whatsoever to rip my grandparents off.

That does not mean 20,000 more off a broken door and some paint but some compensation should be made.

Let's say it definitely needs floor covering and paint, so you will not be disturbing good stuff.

I will seriously consider some of your (and Bohemiana's) suggestions for AFTER closing.Why throw paint on your date's fur coat BEFORE the dinner and movie (even if your first impression does not look promising)?

When looking for a mentor:-make sure they are still active in today's market-ask them for the addresses of a couple of their properties-make sure you feel comfortable with them-if you split deals, etc. make sure everything is in writingGetting a mentor is how most of us learn the business, however there are a lot of dishonest folks out there and many of us were ripped off in the beginning before we found a quality person to teach us this business.

The house could use some small cosmetic touch up, like paint in the upstairs rooms, but the kitchen is nice, granite countertops, nice appliances, the washer and dryer isn't new but that didn't seem to be a problem when others have come to rent the rooms.I wouldn't mind making this a rental for me, while I focus on getting a condo for my family.

Updates include newer plumbing in basement, roof 5 years, updated electrical panels, half of the windows are newer, some replacement blinds and paint to both units!

My other bedroom has paint on the concrete.What is the recommended action now

As far as returns, are you willing to do any light rehab (carpets, paint) to get a discount to get those returns you're looking for?