He will also be walking the property on Monday with the inspector who is coming back and subs.The termite problem has been treated, but that is a fair point! 

I do that with my IRA, definitely a good option.Technically you can probably do a handful of flips with an IRA, but there’s some fairly steep UBIT and the potential that if you do too much it’s classified as “active income” which is a no-no for an IRA.

Plus most hard money lenders will require a fair market appraisal.If you plan to rent, you already have that documentation plus the appraisal will provide estimated rents.

How should I divvy it up fairly?

It handles all my maintenance tickets, communication with tenants, rental payments, screening, receipt tracking, listing etc (I haven’t used the listing service yet but they offer it for free).

Especially that last sentence.His is not really an ethics question but more of a business fair practice question...

Figuring out the funding component is fairly straightforward from there. 

I personally don't want to use them again mainly because of the lack of communication 

So much can be done online, and while you DO need to be reachable by your guests, you do NOT have to be reachable within 90 seconds, so don't feel hostage to some unreasonable standard of communication. 

All the wholesalers I've been finding work for either Fair Trade or New Western.