It doesn't take long to learn how to spot a good deal.6.

Would be interested in connecting to learn more about your experience. 

That said, here is what I've learned.1.

It isn't easy, but you'll learn a lot about underwriting from the process and know the ins and outs of the entire model, which makes using it, troubleshooting it, and adding to it much easier.

Visit the property and learn about various renovation stages, gain insights from our experienced investors / speaker, and learn strategies for evaluating deals, managing budgets, and maximizing ROI.What to expect:Property walkthroughsReview before photos and discuss transformation plansDive into real deal numbers—costs, profits, and challengesNetworking with industry prosOpen Q&A session to ask anything about the process

Quote from @John Keane: @Jay HinrichsGot it, I will definitely re-evaluate my profit split structure after what I have learned here. 

The tenant then decided to vacate the property and leave a mess in the process.

You sound like the brave side of the coin in that you did due diligence and respected the process.  

It's time to start the process as everyone else mentioned above.

Every state has a slightly different process, and time frame for each step, so you may want to consult a Realtor for your state process.