It seems going into the conversation correctly might be important.

@Quynh-Chi NguyenDo I understand it correctly that you have not signed the lease yet and you have not collected the security deposit, neither the first month rent?

@Jimmy Chou is correct.

@Rick Maningas so if I'm understanding you correctly, we bought in October and sold in April so 6 months so that means 50K/40K = 125% annualized ROI?

do u think u could teach me the correct way of wholesaling and filling the right forms out 

Correct.

Kathie is correct that ROI will increase if cash flow goes up, however, that won't be true if your cash flow is going up because of a larger down payment.

The previous owner did a bunch of work to correct these things, however when the code inspector came out he noticed a few small things such as painting, some wood rot, and a retaining wall that needs to be fixed.

If so, this would be taxable, correct?

I don't deal with much commercial, so someone correct me if I'm wrong, but a commercial lender will want to see some experience from you to be willing to lend the money.