Neighbor property (same model) with extra half a bath is under contract for $270k.Investor 1 at outset: In it for $200,000 to date and has no more money or time to invest.

FOCUS on no more than two motivated seller targets.2.  

Houses on this road are worth no more than $40K, and this problem house would require more than double that to make it habitable.

Including the reports for investors, end of year quickbooks stuff (accountant does actual taxes), and the monthly upkeep... no more than an average of ONE hour per week.  

So, it you do pursue this, I would say include at least the basic utilities, and  possibly consider including internet/cable as well.Also, double check your local codes- where we are, no more than 3 unrelated adults may live together without specific zoning.

Purchase price, Rehab costs, Closing and Holding costs no more than 70% of ARV.

I personally would have required her dog go into a kennel and would ban from my property if there had been a incident, let alone 2 incidents with reports, get the reports you still should be able to  from animal control and tell her NO MORE DOG !

Start with the higher interest rate debt and work your way down until you have no more consumer debt.

Would like to pay no more than 299k for it.

No more finding renters?