I have about $120k left on seller financed loan and the house is worth $280k.

All in all it was worth it for us and my client over those years, but you never know when you will get that proverbial knock on the door. 

Maintain detailed records of all renovation expenses to substantiate deductions and ensure compliance.This post does not create a CPA-Client relationship.

They record to the cloud and have many features.

Nonetheless, with your current mortgage rate and solid equity position, it’s definitely worth considering getting a good, respectable tenant in there and watching your equity grow.

So it is worth a lot more to them then it is to me. 

The investment is worth it as your income grows. 

When I got started I fell into this trap of trying to create all this complexity and then realized it was not worth it at all and all it did was create chaos and add more costs.

Is that worth the trouble trying to convince your partners to change it?

It's also worth mentioning that I already have a good relationship with a wholesaler in town who knows other good contacts, and I am able to use some of these contacts as good resources for general knowledge and learning how it all works.I recently had to close my business of 9 years, and so instead of getting a W2 job or start some other "normal" business, I'd much rather prefer to have house flipping be my primary source of income.