This property will be getting fully gutted, it had a pipe burst on the 2nd floor and the seller has already demoed most of the property including the original hardwood floors. 

It's a pretty big rehab ( as in lots of damage ) and I am starting demo this Friday so , ..

I know there's many different ways to evaluate what the company is worth, I'm just curious how other people with experience in this area would think through the negotiation.Initial investment: $15,000 each/$30,000 totalAcquired 1 property for $24,500Have put about $10,000 worth of work into the property, some demo, updated electric, moved plumbing, new windows, new door, some framingCurrent value of property is hard to determine, there aren't any good comps but my gut says it's worth about $40-45,000, will be worth about $60-65,000 when finishedPartner has made personal loans in the amount of $25,000 thus far (I think 4.5%, cannot readily find the agreement), with interest accruing to be paid out when property is rented, refinanced and loan paid in one lump sum.

had no income because of spent 100k demoing the house's before we realized we were landlocked.. 2 feet on a driveway myself I am with others if it does not affect the property and you dont mind it.. so be it.. if it bugs you move on.  

I am in the middle of two small houses right now but we are in the demo stage. 

Run the numbers (and comps) both ways - rehab (cost of same and market value once done) and demo and build new (same thing - cost to demo and build and market value once done) and see where you come out.

So he demos, rough in and then mud in like two weeks. 

I'm a flipper who does a bunch of work myself, demo, paint, floor install, tile, cabinets, installing fixtures, doors, appliances and lots of other smaller scopes.

All of their demos show properties in FL and NC. 

I'll be honest, I'm not sure who my target demo is. 44% of the population is over the age of 50.