We let the lender know to continue to progress, as we had lead inspections and phase I reports lined up.

I am evaluating a few options to improve this situation, one is "status quo" i.e wait another year and then decide since the next rent increase will improve the situation a little, two is to add a detached ADU which I have researched to confirm both feasibility and strong economics, and three is to see about selling the property as a development lot for multifamily, then using the proceeds on another investment. 

Hey Folks,Wondering when Cash on Cash Return and IRR should be evaluated on a BRRR deal?

Otherwise, it's typically all cash lowball investors only offers that you can really evaluate, and there's gotta be enough fat on the bone to get your chunk even though it's lowball. 

Help with evaluating this property. 

I appreciate the links, I'll be sure to check those out tonight and will keep the BP community updated on my progress in 2020.

If you think she is good at evaluating deals and running the numbers side that is a pretty key contribution to the success of the flips.You could do one or 2 flips with her and then reevaluate what split is worth it to you. 

But as you progress (with whatever agency), don't only sell for others and help others buy - also buy for yourself and and build a portfolio of cash-flow positive rental properties.

It's a good evaluation approach but when really digging into comps I think the total bulk amount matters as well.

If they're not supportive, they're not supportive; just keep doing it and let the progress and successes inform them like your words can't seem to.