To support my seller and seize a valuable opportunity, my business partner and I decided to purchase the property ourselves.

Binghamton is starting to see new business coming in too.Where I live Ithaca, NY prices are going through the roof.  

I don't really need to know much else about someone - if they can't pass this test, why should I believe that they will be able to run a business that will generate cash?

Flipping is a production business.

And even if I do not get into the renting business I can make some profit if I decide to sell the property at some point.

To support my seller and seize a valuable opportunity, my business partner and I decided to purchase the property ourselves.

- The market is in a little bit of a lull right now (buyers market), its a great time to buy, but slower time to sell (my primary business is flipping houses) I can supplement my flipping business by providing project management services/consulting, helping investors find discounted properties, etc. etc.

I have sold a couple of businesses as well, and speaking from experience, you are never more vulnerable to make a mistake than when you are sitting on a giant pile of cash.Also, I agree with @Corey Conklin - I'm a big fan of "overflow cities/towns" in the sun belt.

I'm not thinking of 'scaling' my business by becoming a 'passive investor' in someone else's business.

I don't have any specifics but as someone who is into tech, accounting/finance, and a consultant to grow businesses.