I don't know the statistic, but I'm willing to bet it's higher for partnerships. 

It's really easy to justify a negative cash flowing property by using the logic that "it's cheaper than rent/less than a mortgage payment would be". 

Keep as a rental, probably rent for $2700-$2800/month, so a negative flow of $400-$500/monthOption B. 

Sorry to seem negative, but I have more:Selling rented houses has a limited buyer pool.Financing for rental houses has contracted recently.   

If I run into any problems with the flip, since I know statistically first time flippers take significantly longer on their first renovation, I could afford the payments to the lender.Those are my thoughts!

I know you get deductions for depreciation, and maintenance but even after that, it seems like any profits would be eaten up and possibly make for negative cash flow.

Will there be any long lasting negative effects to their credit? 

Aside from the great statistical sites @Alex Olson mentioned, I would also hop on google maps street view and virtually drive the neighborhood.

@Daniel AnshusHaving that kind of razor thin margin is crazy-LOL  All you need is a slight pandemic and some non payment tenants and you are running a negative cash flow even on having a good sized portfolio. 

New Britain Still has quite a negative stigma, mostly due to crime.