So am I crazy for pursuing this?

Would love to hear your thoughts on whether pursuing this adjustment makes sense or if I should reconsider.For reference, I’ve included the following assumptions in my calculations:5% for maintenance3.5% for vacancy10% for capital expenditures and management feesThanks! 

*the only reason I am not pursuing is because the home is located directly across from my current investment property and I'm looking to diversify my investment locations. 

If you’re considering switching careers, pursuing a license could be a great opportunity.

So any unsolicited calls could be subject to fines if they decide to pursue?

I would lean towards recommending that you pursue the deal - plus having the property remain in your family may be a net positive for you and your extended family regardless of the ultimate financial return. 

Point is, there is a new bar being set and if your not operating up to it, we are going to make your listing look like crap and perform like crap because were putting this out to the potential tenants and who'd you pursue and choose?

I don’t know your exact situation, but in your shoes I might pursue the refinance option first and then equity buyout second.

The home appraised for 1.2M, the deal is anything the home sales for over 1M after the fix up he will split with me minus my costs. he will hold the home while I do the renovations, no home purchase necessary.My question is how do I find the ARV on a high end home so I know if this is worth pursuing? 

Quote from @Martti Eckert: Hi Bigger Pockets community -I am interested in pursuing the BRRRR strategy in one of several Ohio markets this year.