Just switched to Screenflow, both are great and easy to use.

The market is very hot right now and find those deals aren't easy (good luck with the 1% rule) but you will probably be able to find closer to that. 

With that being said I live in Los Angeles, which I believe is not an easy "beginner" market, so I'm looking to go out of state for my first deals.

Easy solution is to close on the property then to market it. 

Easy and simple.  

I feel like there needs to be a balance between not making to easy/ attractive to just sell out, yet keeping it fair for the exiting partner if that happens to come up. 

Personally, even if I went by the real estate agent’s numbers once I paid selling commission there is almost no profitFind something which needs more money to fix up and easy to be upside down

On to your questions:1) Earnest money back should be easy.2) Extra expenses will be a hard sell.

@Mindy Jensen, shame on you - we can always find a way to squeeze a little 1031 tax deferral in the mix :)The sale of a property like that is very easy for an experienced team.

The main problem I need to solve is to convert it back to a legal single family house so an end buyer can get conventional financing on it.Up and above that Its up to my discretion on the level of finish.Or I could take the easy profit and sell now...