I can only assume its located in a rapidly appreciating market where investors are willing to suck it up for a couple of years and let price appreciation do the hard work for them (always a risky gamble in any market).

@Jane A.Stock market is more like gambling on hoping that your stock improves in my opinion.

He therefore tried to file fraudulent suits himself instead of hiring an attorney.

This method  can be no better than gambling, no thanks.

If you can’t see it - it’s a gamble plain and simple.

Talking about how that is detrimental to you would take about 3 more paragraphs.If I knew who your preparer was, I'd be inclined to turn him into the IRS for grossly fraudulent tax positions. 

Tenant informed me that the priority is listed on Craigslist fraudulently.

It is a gamble, especially if you are out of state.

These aren't issues that are specific to flipping and should be a primary focus for any real estate investment - The bottom line is that you made a profit despite the challenges you faced - and congratulations for that - but it seems to the bystander that you gambled with another investor's money while investing very little of your own - you put yourself in the position of a teacher or mentor when in fact you are not extremely experienced in the business of flipping - consider how you would feel if you lost a portion of your partner's investment....Today I am closing on the purchase of my 15th flip for the year, and I wouldn't dream of taking on an investment partner who wasn't equally experienced and had an equal say in the decision process.Good Luck with your future projects and Happy Investingjeff 

You’ll learn how Paul discovered the vital difference between investing and speculating, why falling in love (with a deal) is incredibly dangerous, and the huge real estate gamble that Paul made that cost him $40,000.