Even after one year, that property may provide thousands of dollars worth of appreciation, you will pay down your loan and build some equity, and you can depreciate the asset. 

I wasn’t looking to add value or find something off-market because the time and effort just didn’t seem worth it compared to focusing on my career.

This is why it is sometimes worth your while to delay your tours until you have several lined up over a weekend, and let parties know you'll be making a decision at the end of the weekend.

Also, the whole point of hiring a PM is to handle tenant, maintenance, and rent collection, so if your partner isn’t actively managing but just supervising the PM, IMO not worth having a two people essentially looking over the same tasks.Contributing financially for one person and the other having no financial stake raises decision making questions, such as when to sell, how profits will be distributed, etc.

Are there people in Fort Worth that are actively involved in wholesaling and/or fixing fliping?

Hey Daniel, you can use a platform like Avail that will give you all the info you need to know like:-Credit score- criminal record-eviction historyYou will also need to gather their:SSNIDPaystubs and 3 months bank statementsat least 2 past landlord references.If all the above check out, you likely have a great tenant.

I do  think your point about having an eviction on her record is a bit of leverage though.  

Use softwares like AirDNA and Pricelabs to get an estimate of what you could be making and see if it's worth it.

I am in it and feel it is worth it as they have groups all over the country who, with experience transaction coordinators and funding groups, and even closers to help you along the way.

They mentioned having two mortgages on the property worth about $400,000 in total.