I currently have a VA loan for $360k (not sure what percentage of my non-restored entitlement this ends up being) on a property I will be keeping as a rental.

I like restoring homes and this was perfect.

25% of the profits off the top and then split the rest? Or

I love older properties as in my area they often have the following:8" or bigger baseboards with fancy trim on topCrown molding4" door / window trim with moldingstained glass windowstall ceilingsantique fixtures that can be restored clawfoot tubsvintage sinksOf course, older homes also have their issues including:multiple layers of poorly applied paintwater damaged plastercracked plasterdamaged ceilingsun balanced windowsmissing storm windowsfoundation needs repointingfloors need refinished / replacedfloor plans are not always ideal, and have sometimes been changed from their original designAll that said, when an older home is revitalized IMO it is more desirable to a renter than a sterile apartment without the rich finishing despite when it was built.

It looks fully restored and they have a website with tons of photos: http://www.mcgillmansion.comWhile a beautiful and historic house, I'm a bit befuddled as to why someone would buy the house unless they already lived in Mcgill (McGill is in the middle of nowhere... literally).

If he is not going to get it fixed today ask if you can hire an IICRC certified restorer and give them the bill or take it off the rent. 3 days with no action is not good.

If it's off to the left (I see what looks like electrical conduit on the wall heading that way), I would restore the exhaust port the way it's supposed to be and construct a small little wall, a barrier if you will, between it and the A/C to keep the air flow and lint away.

The average house I would be considering would need another 5K restore it to A+ rental condition.

If the paint is just faded give it a power wash then wax it with any brand of wax that says it's for paint restoration.

I was fortunate that I lived in Tucson for ten years and have a decent network of friends who still live there.Once I acquired the property on July 18th, I had to hit the ground running to get the following done: 1) roof replacement, 2) HVAC upgrade to A/C, 3) painting and restoration of interior, 4) electrical work to bring it up to code, 5) tons of work around the yard, fixing doors, windows, etc., 6) plumbing drain scope, etc, 7) floors restored as original concrete.I did most of the above in four days, but it was intense.