Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and it's super landlord friendly (so you will never have to go through a 12 month eviction or anything close to that!).

If I put myself in the shoes of the outside partner/investor friend, I would be very concerned because: 1) unclear and/or potentially conflicting business plan, 2) even with clarity in the BRRRR business plan, unclear in the viability of pulling it off with these market conditions, 3) the chances of dispute seems very high, especially if you're going to live in. 4 years ago, I went through a  similar thought process when purchasing an investing property with mainly my family money, while considering an outside investor to rehab for higher STR ROI... 

Relationships are key -this off-market deal was found through a longtime realtor friend and my last seller financed deal was through a landlord/client I worked with for several years. 

Hey John,I work with several different property managers, which I refer to for my clients (I'm an investor friendly agent over here).

That may be a little too aggressive but I do enjoy landlord friendly states as opposed to the tenant friendly ones.

Comps, vrbo/airbnb and finally pinterest is your friend.

I’m looking for some advice on a fix/flip property that I purchased with two friends almost two years ago.

Hey friends!

First, Texas is one of the most landlord friendly states in terms of laws.

Homeownership Assistance ProgramsAnd if you need a more budget-friendly down payment, that’s not your only option.