Make sure to factor in 5-10% vacancy, taxes, insurance, mortgage, repairs & maintenance, lawn care, pest control, management fees, utility costs (goes in your name when vacant), turnover costs, and capex reserves. 

When investing in New Construction, you are controlling the property for the first, BEST years of a buildings life.  

It seems as if  you never had control of the system, and there were no clear set of expectations.

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You can place the home into an LLC that is controlled by both of you after closing for most lenders and come up with terms and an operating agreement post closing. 

Further, many (again may not be a majority, just more than another group) have life’s “out of control”; domestic violence, drive by shootings, kids with gang affiliations.  

Rehab costs on anything more complicated can spiral out of control fast.

I am trying to decide on which company to use for a checkbook controlled solo 401K.

Remember you don't have to own a property to control it.Good luckPaul

Govt is out of control.