It's going to be older/neglected real estate, so the sellers will generally go along with it if it helps get the house sold.Example:Identified a below-grade un-permitted basement bathroom with a jenky pump lifting the toilet waist up to ground level and into the sewer system that was all sorts of a hot mess, no way anything about that bathroom is up to code. 

You may consider putting some sort of put/call options into the partnership agreement to prevent any issues from arising should you differ on strategy down the road.

I've sort of been thinking that I might do a big renovation in a few years on the property I've had longest (nearly 15 years) -- it's the smallest house with the lowest rent, in the most rapidly appreciating neighborhood -- and then sell it. 

I currently have a Full-time job and I'm looking to buy my first home, want to do a "live-in flip" of sorts.

What sort of ARV are you targeting?

I’ve spent the last 13 years or so chasing the rabbit hole of success in the 9-5 world — successful I suppose, depending on the metrics you use to measure that sort of thing.A couple years ago, I dipped my toe back into the real estate investing world.

Buy or inherit and hold all their lives while working the properties for income.I've seen teachers, firemen, software engineers and all sorts of people utilize both strategies successfully.

For someone starting out on their first deal, I don't recommend doing a complete renovation unless you have reliable contractors or have some sort of prior experience.I would of chose a small multi-family property that need very minor repairs (which this type of property ended up being my second purchase).

Pleasure to meet you all and i'm hoping to learn a lot on here and maybe if i'm lucky ill find a mentor of sorts.

I'm sort of in the same boat - the property management is taking way to much of my time.