Once you get a mortgage you can leave 20% equity and cash out $30K or sell for $50k gross profit.Build cost includes ALL costs. 

I need $33,500-$40,000 to complete the rehab including cost of permits, labor, and materials.

So next is to find detailed steps and costs of cabin built to have a basis for comparison to existing cabins.MaxMax,You can do a construction loan for a vacation home which allows you to include the land lot into the financing. 

I also have every tenant that is listed on the lease initial every page of my lease so there is no question that they have acknowledged everything that is included.

Operating partner agrees to operate manage property (includes marketing, housekeeping ops, maintenence, accounting, etc etc).Open joint bank account.  

You need factor in cap/ex/reserves before cashflow.

Before I answer, can you confirm that your costs include holding costs (all utilities), transfer costs on purchase and sale, as well as the cost of the funding for the deal?

Your lease should cover the fact that they walked through and accepted the house - this includes the yard.also, regardless of the tree location you can take the straight line vertical and trim those branches in most locations - check with local HOA, building or code enforcement 

This includes examining the structural integrity, plumbing, electrical systems, roof condition, HVAC systems, and any other significant features.Title Search: Hire a title company or attorney to perform a title search on the property.

One of the biggest factors in the time it takes to view a property.