Details: I am buying a building with a partner.

The devil is in the details it could make a tiny bit of difference regarding start up costs.

It appears to me that the two that run it have found a great way to get some extra cash to invest on their own deals.  

As an experienced fix and flipper, you will start to receive more flips than you can handle; which will allow you to start wholesaling the extra properties.When you are out looking for deals make sure they are deals!

Property is a 3 bed 1 bath with a weird extra toilet in the basement. 

Doing the right thing is a long-term play but the return is much better than a few extra bucks from screwing somebody over!

There is not enough detail about the fund to really dig deeper into the potential results.  

Plus, you can make extra income if you want by renting out rooms on Airbnb.

Here are the details:$319k (with an ARV of $319k)15 bed / 6 bathGross rent: $9050/monthMortgage: $2799.45 (100% financing at 10%)Total Operating Expense $3849.33/month (Maintenance 17%, Vacancy 7%, tax and insurance included)Monthly Cashflow: $2401.21If you have any thoughts on this property, I'd love to hear them.  

And periodic inspections, and posted license details, and conform to regulations for safety, etc, etc.