I don’t want to come across greedy, but I am already about 100$ under market rent, so I am not sure I want to extend 2 years at the same price when I have a large pool of qualified tenants to choose from.

I am a financial trader by hobby...but I am looking for some diversity - and real estate has become one of my main interest to leverage the cash flow.I am about to attend the HGTV couple SuccessPath conference...and read from one of the blogs reviews that he had wished he did this first to further his education.  

Greed is a human component to all of us, we needs cops to keep us honest!

There will be a time for the greedy to be an insurance broker and pass the risk like a subprime loan on to someone else.

Greedy investors don't do as well as they should.

I am not trying to be greedy by any means as I am very grateful to get my hands dirty on this first deal no matter what the split would be, but Im still seeking value as any other person would.

Good luck and don't be greedy because you can sometimes helping others will get you more in the long run and you may keep a good tenant.

Unless you have a family member, or members, willing to spot you 100K on your word, you are going to have a challenge securing either private money or hard money (even equity based) given your absence of a track record and skin-in-the-game.If you really have a deal on your hands, a viable course of action in your situation is to bring the deal to an experienced flipper in your area in exchange for a) the ability to shadow her/him and get mentored during the course of the rehab and sale {while providing labour} and b) a small/moderate slice of the proceeds when the property sells  {do not be greedy here, if you get 10-15%, plus an education, you have done well}.

Regarding the ex room mate- had they given leases & gotten the proper security deposit in the beginning as I requsested, they wouldn't have to be out of pocket now, however being greedy, they didn't want to report the property as a rental due to taxes and in turn got screwed and blamed someone else's negligence on me when I had nothing to do with it.

Greedy and lazy.