The big thing is you are moving over 100 miles away (assumption). 

That will reduce each person's buying power by roughly $120,000, all else equal, and making some reasonable assumptions for what we see "in the wild" and in the real world. 

Example - purchase price $2m, net around $20k after debt service. gross rent - 200k Management 50k Taxes/insurance/utilities 30k Debt service 100k Net 20k those are obviously rough numbers but in the ball Park - and I’m making assumptions based on projections I’m putting into a spreadsheet - I have not pulled the trigger on anything A good example is this one that just hit my inbox for sale 41 Mello Way miramar beach, FLAsk $1.75MListing says rent projections are 180k house is listed at $586/sq ft asking price.

It won't give you your exact rate but it will give you trending direction: http://www.mortgagenewsdaily.c...3) I show that your monthly PITI payment on this property (making a few assumptions) should be closer to $2124/mo.

*****Wash and Wear - This is a straight forward way of acquiring title without cash, a “give and take.”This is a method that forms a template for all assumption and “subject to techniques”.

I'm curious about the holding/reno period and the holding cost assumptions. 

I calculated the year one cash on cash return using the following assumptions:10% vacancy rate -> Annual gross rent of $29,16030-year mortgage at 4% with 25% down -> Annual mortgage of $10,527Assessed value increases to $245k -> Annual property tax of $4,5331% of the purchase price per year in maintenance -> Annual expense of $2,450Insurance costs of $2,200 (per listing)Utilities of $1,500 (per listing)10% of gross rents to a property managerIf I did my math right, those assumptions produce an annual cash flow of roughly $5k, which represents an ~8% return on a $61k down payment.  

I would think it would be in their best interest to move forward and work with me at some capacity rather than wait on the possibility for the same to occur with someone else.The sense of ownership for the workmanship on a flip is more of whatI'm riding on and not the assumption that they have to address their work, or lack thereof.

If you are going to argue the benefits or not of an LLC then at least argue things that actually apply to both.Someone else made the assumption you bought on a mortgage, maybe that is right, maybe not you didn't say. 

My assumption is you can only have one primary residence during this fha year and if you decide to sleep on the couch in your primary residence or at a friend for a few months in that year its ok and im free to rent out my unit during that time.