Thanks for the kind greetings @John Warren! 

I agree that it would be a good idea to have that kind of language in the lease.

@Luke Marlar Something to look at is the FloodiQ site where you can add your address and see what kind of risk you are in for your property.

I'm wondering what kind of partnership agreement could work in the scenario where I find the deal and finance both the purchase and renovation and he manages the renovation.I think he may be more interested in a quick cash out and I'd like to buy and hold.

@Roberto Ruiz That's a great question and believe it or not a pretty common one!

Difficult to manage, consistent late, professional tenants, longer vacancies and evictions are all too common.

I don't know what kind of product you want, but this was next to no fees with their "friends and family" deal they offered.

Some split the profits too, but it does not seem as common.

Personally, Since I started out as a loan officer and I've seen all kinds of reasons that sales don't close, it doesn't surprise me when it doesn't close and I just move on to the next transaction.

A good place to start would be with an agent and a lender in the area to see what is available and what kind of loan programs they may have.Best of luck