White doesn't seem to look as good as black or stainless. 

That is pretty basic--But I'm also looking for additional ways he can add value, and black/white metrics I can write down--- here are a few ideas- he handle all communication with subs (collection of bids, vetting, references)- He is responsible for adding value with solutions he can do, that add value and increase NOI (cedar fences, windows, new baths, cabinets)-- he runs and presents projects to me on excel format (so I don't have to)Just curious if anyone out there has an idea on how I would structure this.

If turned down.. seek PRIVATE INVESTORS that loan on the property ..and if you default the private investor gets the GOOD DEAL PROPERTY that you worked to find and purchae and.... they just get the property with no black mark on your credit report and lessons learned.. 

@Ned Carey and @Eric Black Thanks so much for your insight.  

@Eric Black Thanks for correcting that BIG misconception on owning for five years.

Around Boston you should check out the Black Diamond meeting in Waltham (2nd meeting in Worcester) and you can also look at the Boston Area REIA in Medford.  

Wait...so you're going to leave a black sink, black stove and stainless microwave/fridge along with that God awful tile in the kitchen?  

I suggest you black out the tenant names.

@Gary Freidman all good points above.The only "good" thing I see about this opportunity is it was built in 1958 not 1900 like most or our duplexe's here are.Other than that, I would highly suggest you pass [for now] and stick with solid SFH 3/1-up projects until you get a better feel of the city.I've mentioned before, that I had several of these at one point and yes, they are VERY sexy on paper until reality hits about 3-6 months after you buy it and realize that the vacancy is very high, it's been vandalized 3 times and the tenants you did final get to move in ended up doing $5k in damage in just 6 weeks before you had to evict them [true story].I work with a lot of investors like yourself that jump in early into a project like this that end up getting burned and it leaves our industry with a black eye.I hope that helps.Feel free to PM with any specific questions that I may assist you with.

Black Friday is the best time to buy appliances and stock up for an upcoming project.