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Quote from @Allen Berrebbi: Just curious if anyone here has actually used this I popped on when it was free.. 

Feel free to reach out.

These properties are valued at a combined $430k and are both mortgage-free.

:-) Outside the US I use the Corelogic calculator because our local insurance companies provide a no-frill version for free. 

He and I were talking the other day and he is willing to maybe take on a few more properties if needed, so feel free to shoot me a message.

Feel free to ask your questions in the forums.

As I said before, I have a lot of investors that contact me about these types of properties so feel free to contact me directly.

For example, propose a smaller initial down payment and larger monthly payments, which could free up some capital for the rehab budget.Partner-Investor:While not your preference, finding a partner-investor could be a viable option.

Will your partner be upset because you are getting the better end of the deal living rent free(assuming you aren't paying rent).What if only your name is on the mortgage and deed, then the tax documents will all fall on you and your tax return and not his which makes it more complicated trying to shift income to him.If there are two people on the mortgage, it will impact both your DTI ratio's equally in full hurting both of your abilities to get credit in the future until the property is sold.Why can't you do the live in flip on your own?