CPA and appraiser may be a bit premature at this point. 

@John Underwood makes a good point about not listing the property prematurely. 

That's premature optimization and a way to avoid/procrastinate doing the hard things first.Go drive for dollars to find leads, knock on doors, and call people. 

He flipped out and immediately sent out a termination contract prematurely.

Unchecked, you can be looking at a premature roof replacement if bad enough as the sheathing rots out. 

Stages of change:PrecontemplationContemplationPreparationActionMaintenanceTerminationI sense that your partner is probably in the first phase of your REI journey, so thinking of "cutting your losses" may be premature.

At a bare minimum, you would have to target a 5-unit... but if we're focusing on 'how many is too many,' we're kinda missing the point: the first step should be to set goals and then let those goals drive you toward clarity on next steps and property size/type.Regarding investors: I think it's always a good time to build new relationships and strengthen your network, but until you have either a 1) real deal to talk about, or a 2) a model/mock deal that reflects a similar deal you expect to find... then it sounds premature to approach investors about equity capital.Recommend heeding the wisdom from @John Corey @Lane Kawaoka @Chris Grenzig, above.

There is a good chance investor will run out of 60 days and result will be tax and penalties on the entire amount, as it will be considered premature distribution from an IRA.

Any inspections with tenants may provide some insight, but may really only be visual and premature.

Your nice things will either go to ****, or wear prematurely.3.