What is considered a fair arrangement in a scenario such as what I am describing? 

Anyone have any experience with how to arrange this relationship to be mutually beneficial, as I believe the partnership would be?  

I've basically made the same arrangements before.

At least at this stage in my investing career I'm not overly busy with the business.

Notice the plural on offers.What I'd like to do is go tour it so that I can see the condition and finish analyzing the deal, but I don't really want to ask if I can arrange a tour if there's no hope.  

@Shana Patrick, just wondering how you intend to arrange (and pay) for the rehabbing remotely before flipping?

I am interested in a property that is in owner occupant stage.  

So we target properties at the stage of pre-foreclosure.

@Chris Seveney And I say all the above humbly, knowing I am still in the early stages!

It's difficult to give you a precise dollar value of what type of reserves you will need---as the number will be influenced greatly by the type of rehab needed...Here is some advice to consider:- Don't try fund/do all the rehab at once---do it in stages for a more affordable and manageable property transition