If they don't have the resources to get competitive quotes or their contractors doesn't seem to understand that it's a $800 rental, then they are not providing you with exclusive value to maintain this business relationship.

Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusion

If you own the house at the time of your death, she will inherit it with the step-up basis and won't need to pay taxes (subject to the max exclusion) on the then current property value.2.

Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusion

If you are exclusively looking at properties on the mls you are massively limiting yourself.

I wonder if this is a large operator that works almost exclusively with institutional investors who don’t care about the K-1 date?

When I look at doubling my initial equity as a timeline to sell, I'm basing the doubling exclusively coming from the appreciation and in the time it takes for this to happen, the tenant has increased the equity enough from the paydown (on top of the appreciation increase) to cover all the C.C....usually.

Over the last 3 years, I've done a number of flips and wholesales almost exclusively through partnerships.

No, we were not exclusively using that agent, we saw a house, scheduled a tour, & she was extremely dishonest about the state of the house. 

The good news is that he gets both the primary residence exclusion of sec 121 and the tax deferral from sec 1031 on the investment portion.