At the end of the 12 months, I would refinance at 500K after fixing up the property and investing the profit from selling my current home in the new property.

It's critical to do your research and determine which platform is best suited for marketing yourself or your organization as a landlord.

Personally, I wouldn't do any flip for less than $30k net of sale because STCG tax for me would end up leaving me with about $20k or so of actual profit.

@Aubrey Adams-Thanks for the post / question -I would recommend developing a hypothetical plan  ( purchase price / loan amt needed ) and get pre approved ..this process is free and it will help get you organized and also to educate you  in many ways ..if you never end up buying - no worries and no costs have been wasted 

Put the profit towards a new Primary residence and ~$50k towards a rental property.2) Rent it out and eat the cash flow loss, hoping rents increase.

Which is why I think focusing on one thing at a time vs to many will help me stay organized.

Once the home is done we will be selling it off and splitting the net profit.  

This outcome reflects our effective project management, targeted renovation approach, and strong collaboration with Ron, culminating in a profitable deal for all parties involved.

e.g. is it possible for someone to lend $100k on a deal in exchange for, say 6% interest rate plus 10% share of profits?

In today's world you need to be about 28-35% down on properties to be gross cash flow positive, closer to 40-42% to be truly net cash flow positive(i.e 50% of your income goes to maintaining the property, other 50% is actually profit).My recommendation is to buy ideally a 4/3 SFR that's a starter-friendly one in a good area, and rent it out by the room.