Our original thought was that I would put the property in my name because I don't currently own any property, but now she also has to be on the loan to show the funds in her account as well.I guess I'm confused because I got the impression that one partner could fund the deal and one could take out the loan and manage the property as part of the deal.

Does it make a good first impression?

However I'm not impressed with my expected annual return.

I was under the impression that lenders weren't too keen on doing cash outs for commercial properties.

That's very impressive.

This house doesn't quite scream flip since the reno is extensive and the ARV isn't super impressive. 

hey just some advice from a plumber ive been doing plumbing for 5 years nowyou said you had a iron sump pit, likely the pit is beginning to corrode and thats the cause of the iron deposits, now a days most pits are made from composit plastics ,another possibility is the piping could be the cause if its a metal pipe [iron or galvinized steel ] it could be contaminating the water being pumped out, again most pipes now a days are PVC either sch 40 ,80 or ABS to prevent this issue, it could be the pump is corroded and failing but if its working i doubt that its that ad if the pump was that bad it likely would have failedother than those the only other thing that comes to mind is that it could be something in the basement that is made of iron or steel that is in the pathway to thw water on its journey to the pit.hope this helps

I was hopeful that the numbers would really turn out well for the property and area, but they are just not as impressive as I hoped.

If my partner passes on an investment and I have to pay the full downpayment(going into the property solo) , my money could be sitting around for 2,3, even 4years possibly because my savings rate is less than impressive.

Initially in the sale I was under the impression he would be gone but that didn't pan out.