She keeps mentioning that they will "see how much we paid", which in all fairness, was low due to the condition of the property (think large pole barn, garage, house and pasture full of 20 years of junk plus an abandoned mobile home that may or may not have been used as a grow house).

I am fairly familiar with small claim system as both a tenant and a landlord. 

So, if you already had an investment property it would still be fairly easy to get a primary home after. 

If we negotiate well and by it at $90/sq ft, then put $10-$15/sq ft in it for rehab then we are right at fair market value with no profit margin.

My managing broker and my girlfriend will be doing the entire design/layout themselves, keeping this in house.SUMMERY: Managing broker is the bank, I found the deal and will be run the entire remodel myself, managing broker will list/resell property at the end.So what do you all think would be a fair split/breakdown of profits?

@Kasey Gourley lol fair enough.

In this case, especially if you're getting a better price and your sure a fairly identical unit next door has them, I might buy them.Another thought though is that if you don't supply them and therefore charged less, you might get the tenant who wants to pay less and actually does not want to use "someone's old washer and dryer."

So make sure your numbers are good in that area.It could still become a profitable rental by not taking out ALL the equity. ie, buy some cash flow.The BRRRR method is likely less doable now since property prices have recovered from the crash discount bargain basement prices they were at for several years.

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff.6.

Since they have been really good renters and have at times been some home improvements themselves without asking me to reimburse,  what would be considered a reasonable and fair thing to do?