I am an active investor in the area, and I'm hoping to form a relationship with someone interested in working with me repeatedly on numerous similar projects as they come up.Some things to note: I live in California, so must be willing to work with someone remote.

I would like to know how the characteristics and elements of a property that investors look at before deciding to Fix and Flip or Buy and Hold?

Your PMA should have defined every element that went wrong in your story. 

Projects due gonsouth for numerous reasons and in these scenarios the financial partner will be holding 100% of the lossHave you ever do a deal similar to what the OP proposes?  

Elements Financial, KeyBank, Energy Plus Credit Union.

With all the development going on in Atlanta, there are still certain pockets of the city the have numerous vacant homes. 

There are numerous factors that are making new construction costs higher than they have ever been in many markets.Materials, labor, and regulations have all inflated.  

i see two options here 1) you can go back to dad and break it down as hey i cant close on the house until it's vacant and see if he can help in getting them out, 2) offer some moving expense if the lot is really that desirable to you I know not what you want to hear as the investor but it has worked on numerous occasions, 3) you will have to take it to the courts as final resolution so the sheriff can remove them.

In a condominium project, it has no ownership interest in the common elements.

They met with numerous others including PM companies.