While we have liquid to do a 5-15k downpayment, we'd like to use a minimal amount of our own money.Seller is not in need of a lump sum of cash, and has said they would be open to monthly payments as a financing option.

After cooling down, I thought about it and decided to share the experience with others so that collectively we are better prepared to address these types of responses and determine how best to respond to them. 

The partner in question has multiple times the loan amount in his bank accounts/liquid assets.

., stocks or mutual funds) that are operating at a loss, if you liquidate those investments to take a loss, you can use those losses to offset your capital gains.

And rooms needed to be separated so you only heated (forget about cooling) the rooms that you were living in at that time - Good point!

It's a great market but you need to be liquid and you need to either build your own wholesale outfit or be at the top of the buyers list at 2 - 3 pf the best wholesalers of the area.

My last trip out I went by some of the product and while the area is really cool I think quite attractive the lots very large and the homes pretty large.. the build quality for 900 to 1.3 or so was just about what we would see for starter production stuff out our way..

I kinda have an idea of how live in flips work but seeing that your were able to create ways to rent out parts of the property from just fixing up the house and renting out the rooms is pretty cool! 

Please be careful liquidating all of her retirement savings to invest in a project you have no experience in.

Awesome  work..really cool