And so that you do not have actual or constructive receipt of the money.  3.Refinancing your properties and changing the title holder right before a sale and 1031 exchange is potentially one of the worst things you can do.  

Worst case they can hang in the pool and gardens while we get everything ready (same at checkout.

Worst looking house in the neighborhood so plenty of forced appreciation possible. 

Most will only do 75% on a multi-family (non-commercial).Let's assume the worst and you can only get 75% LTV.assuming ARV is 182500+6000 = 188500, you'd have to purchase + rehab for 141,375 (188500 * .75)orassuming you purchase for 182500 and put 6k into rehab, you'd have to support an ARV of 251333.33 (188500 / .75)So, if you can't find comps that give you that high of an ARV, then there's no way you can pay full asking. 

Even if my entire analysis were wrong (it’s not, I’m just playing out the worst-case-scenario for the excessively cautious), the very worst thing that could happen is that the property would revert back to your name.

Happy to describe my experience more offline, suffice to say it was the worst online customer service experience I've ever had.Upwork is a great place to find VAs, but it's not the only one.Those are a few things that come to mind that I've learned along the way.

And your 50/50 split is usually the worst-case scenario as many brokers offer better unless you're brand new and training.    

If push comes to shove - worst case scenario - a good sponsor will even fund the project losses out of his pocket just to make the investors "whole".Fortunately, I didn't have to do that as I am very selective with my projects and conservative with my undewriting, and I am blessed with a great partner and an awesome team.

In other words, what’s the worst case scenario here? 

The worst decision is trying to buy something a thousand miles away because you're convinced that's how to make money.