If you sell directly to a homeowner, the issue can come back on you and bite you in the a...  

That leaves $400 to cover taxes, maintenance, vacancies, etc.Now, let's pretend ALL your expenses come to $2,600 and you have $400 left over.

Having to “disclose” the work in the flip basically is mandating doing something that helps the buyer recognize the scope of the change which justifies the mark up.  

@Travis TimmonsI had the same reaction as you did, but I held off on posting since I don't yet invest in STRs (I'm all LTR so far, and looking into my first MTR).Buying an STR "to offset income" makes me nervous as well...

I'm interested in this property basically for the upswing I think is coming.

Creative finance all comes down to the creator!

I came across some reddit post on the city and how tenant friendly it is, plus population decline.

Sometimes you need to follow up with a decision maker for years before they are ready to sell.Are you okay cold calling people?

I will let you know what's up

More than likely you would need to give up around 70-80% of equity and own a minority - some deals would allows you to buy it back at a set price as well.