I like the idea of renting by the room, not sure how to tackle these issues.  

It's much less important how good the pitch deck looks and how solid the pitch is and more about the operator's ability to tackle adversity and solve problems.

Looking for ideas how to tackle the project. 

Tenants window unit leaked water into house from 2nd floor.Servpro came and took out insulation, sheetrock, carpet padding etc.I now am looking for a handyman to unroll carpet, do sheetrock repair etc but I am not getting quotes or I can't get someone to the property fast enough I can tackle this job, but not sure if the renters insurance will recognize my self made invoice.

You and your husband could then tackle those pieces of the project alongside the contractor doing the work that is in their scope of work contract.

@Amelia McGeeTile: YouTube tilemasterga Paint: YouTube paintlifetv Flooring: YouTube fixthisbuildthatCabinets: YouTube houseimprovementsMost other stuff, YouTube houseimprovements You’ll learn 90% or more of what you need and can/should tackle on those four channels.

From experienced investors, what are your opinions on partnering for a deal like this and splitting profits, seeing if it all goes well, we tackle another?

I am getting wholesale deals in my inbox and MLS emails too but I'm looking for specific areas that I have a comfort with and renovations that I feel I can tackle financially and mentally. 

@Paul Donoho Aloha Paul, Nice to see that you are looking into tackling your 1st flip!

If you have the time, and a steady hand, it may be worth tackling on your own.