We have consulted with our accountant and got all the scoop on what needs to be done.

If you have 100k invested in a property but you're only cash flowing $200 a month, it might make more sense to sell and reinvest into another property or simply put the 100k in a high yield saving account at this point in time.  

I am trying my best to take everything into account, but there is no doubt things I don't know.

Definitely appreciated.I have been to quite a few of these auctions and seen first hand how competitive things can get. 

You are right, I should have accounted for that.

2) Owners NEVER take into account the time required to:- Evaluate & select materials- Order materials- Pick up materials- Coordinate access with tenant- Dispose of waste- Scan and process receipts2) According to Angie's List, labor cost can be $250 to $700https://www.angi.com/articles/how-much-does-microwave-instal... 

Account Closed so I believe we are saying the same thing.

They provide free estimates and work with your accountant.

If you do end up splitting profits and equity 50/50 then make sure you account for your management.

Also, this is why you pay for a good real estate and business focused account.... so you don't have to try to figure out something that is not your expertise or specialty.