Dan, I appreciate the thoughtful response, many things to consider and certainly a lot of great information.For the expenses, yes at 33% I would agree it is a little thin.You bring up some great points as it relates to opportunity cost and the payback period with a large down payment.

That would provide you with both knowledge to help you run numbers but also provide you with a funnel network that can bring deals to you once you are ready to move on an actual property to invest in. 

I can't imagine being in a partnership with someone that brings nothing to the table but expects the same return as you do.

Did you supply one or make them bring one?

Sure you could hit a grand slam , once or twice in your life , but constant base hits bring in the same amount of runs on a steady basis 

An auction or an estate sale might bring in buyers interested in its potential or historical value.Market it As-Is: Listing the property on the open market as-is might attract DIY enthusiasts or investors looking for a project.

., what brings them to the area?) 

Its purpose is to bring together possible residents with possible landlords, so that these parties can begin a negotiation.

Our goal has always been to bring in enough cash flow to cover ALL of our living expenses. 

Even with five bedrooms renting for $700 a month (you pay yourself, as well), you'll bring in $3,500 per month and the place pays for itself.