I pretty much came to this conclusion after making the thread but now I'm much more confident this is the way to go - I'll suggest they keep the house and take out a home equity line of credit while I act as a the project manager so to speak for a cut.It's good no one will pay capital gains tax, but what kind of tax can I anticipate for either of us in the state of TN (even a rough estimate would be helpful)?

Get a pre-qualified letter from a lender, know what kind of rates and terms you qualify for, and if those work for you, then start putting in some serious offers.

As Michael Ealy pointed out, you're going to find all kinds of stupid money these days in 2-4 unit multifamilies.

There are a lot of multi-families there, depending on the kind of neighborhood you're willing to live in.

A video is one of those above-and-beyond kinds of marketing options.

I'm trying to figure out the best way to have them transfer me their funds and put some kind of % on top that would compensate me for my time/expertise. 

What kind of prices and roi are you seeing in Woodstock?

After closing, her estimates is now at 100k for the rehab alone and her project management fee.She wants 15% of total project (which I kind of want to see if this is reasonable?)

Here are some ways to find cheap or free furniture.The Good WillThe Good Will has all kinds of merchandise you can use to furnish and decorate your home for extremely low prices.

If it isn't easy to do, because they have all kinds of wiring going back and fourth and other such things, then you just don't want this property in general, because it was built using only half a donkey.There is no reason you should be talking about 7 people at all.