Reflect on and assess the level of risk you are comfortable with taking on.

That is nowhere close to "executive" level pricing.     

Also some people have no comprehension of the work and skill involved in executing a good value add and the compensation I expect for executing one.Be cautious in dealing with family.  

There's a good chance that financing a fix n flip would still require 60k liquidity or so because the value of the house would need to be at a certain level. 

Partner 1 brings in deals and manages the business Partner 2 brings repair and renovation skills Partner 3 lives out of the area and brings capital What is a fair way to structure/put a value on the partners finding the deals and managing the business.

A degree is something not only to fall back on, but also gives you skills.

With that being said, most of the people in my immediate network who are in the construction business say the most valuable skill is just being able to run a team and a job efficiently and if they could start over they would go the GC route.

that could determine the quality level the unit needs to be at for a new tenant- Am I doing the work myself, or hiring out?

Did you also include financials/ POF for the down payment/ credit report/ info on yourself such as your experience level operating rentals, to give the seller more peace of mind to lend to you?

We lease our homes to organizations who pay us one amount every month on the lease and they are in charge of the operations of the house and how the lease is getting paid. https://narronline.org is a great resource to learn about operating effective sober living homes and the different levels of homes and care required to meet those levels.