I don't want to come off on the wrong foot, but I also don't want to be eating $80-$100/month that I was expecting back to save/re-invest.

But I left my day job and our 2nd child is on the way so that's stopped temporarily.

Purchase Price: 180,000County accessor: 1292 (this is where we signed the square footage disclosure)Actual square foot age: 1100 - ARV - 215,000 conservativelyWould buy this house house as a live in flip?

I have 2 properties in a series LLC (both in different child LLCs, none in the parent LLC), I'm looking to add a 3rd property in its own series LLC, but I will be partnering with my brother on this property only as a 60/40 shared investment.

We had a second child, and my oldest son entered the school district.

Once or twice a year he either knocks down the house or makes such large modifications that you can no longer determine the original foot print.  

Before I go willy nilly all into a deal what should I be aware of before I set foot in the home with the reatlor?

It's unfortunate that giving an inch now, they may want a foot later.

Finish school as quickly as possible (I know that is easier said than done with a young child).

Here is a 10,000 foot view of a deal that was brought to me.