Do you have the option to move back into it for another year? 

This would be a flat fee payment for the use of their license for permitting SFH.

I recommend that you learn the tax code and take ownership over your strategy.Not having some foundational knowledge and an opinion on how to approach taxes as a business owner is a huge mistake.In my experience, every single business owner who says "I just let my CPA worry about it and I focus on my business" is doing a suboptimal job at tax planning.They are likely missing out on 10s or hundreds of thousands in saved dollars every year.Stop making excuses and get to work.Just a few months of part-time learning about taxes will pay you for the rest of your career.

The fees vary with the specifics of the deal.

The seller originally agreed to fix the sewer and provide the tuckpointing as a credit.

I would say credit partnership meaning that someone allows me to use their qualifying credit to qualify for financing at the same time they are an equity partner on the deal who I split profits with? 

So we are "newbies" to say the least.  

The irony...the party of tolerance being intolerant.

Of course have no clue to his background in RE but it seemed to me on the surface this was a new venture for him and it certainly looks like he got over his ski tips.

Yes like Min said, its great to have a plan but I would say the action is much more important - I did a few bad deals and learned so much more than I would have if I was just sitting on the sideline planning things.