Stop the bleeding while you get situated.

Primarily because of the recent expansion of the highway around the area and growth starting to bleed out from the surrounding area.

Lots of areas tend to bleed into each other here so have to keep that in mind. 

If you are getting started then negative cashflow would be a bad strategy, you will bleed money every month and a minor expense in the property (which could be a normal expense) will lead you to believe that REI is a bad strategy.

This bleeds over into the PM understanding the investor's goals and objectives for the property, and thus screening tenants, maintaining the property, minimizing expenses and vacancy, and maximizing rent collections accordingly. 

If I'm paying for their labor to build upfront then, for the partners, this partnership would be just some steady work and a potential payout on the flip.For me, I would be taking all the risk and hope they don't bleed the profits with unexpected build/labor costs.In the area that I'm looking to do this demand is high and it's difficult to get a builder to schedule work less than a year out.The opportunity to have a good builder who is ready to work and will commit time to this flip is why I'm interested.Appreciate any guidance. 

I would have been bleeding money in the form of rent payments as I wait for that moment which may never come. 

You also have to decide if you want to take that throughout the unit into the kitchen- Laminates don't deal with water well, and can swell if water gets into the cracks and grooves.

It's a swell location and a great rental. 

I realize that might be a bleeding heart fantasy and recipe for financial ruin, but I'm a big ideas and problem-solving kind of person.So: suggestions for setting up a property management process with this rental population in mind?