Quote:
I went to the specified folder right clicked and went to sharing and security clicked the tab permissions and added a guest account with only read permissons.
My question is will this work and how do I set a password so that only this person can access this folder?
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No. That would enable any guest to view the folder. You would need to add the users UserAccount name to the permissions and take away permission for Everyone group.
Another option would be to setup an FTP server. It will allow you to set a username & password to the folder.
Checkout Cerberus or FileZilla.
http://www.cerberusftp.com/
http://filezilla.sourceforge.net/