But sadly I've seen and heard fairly experienced investors talking about cash flow, not taking into account some of those items.

we found it on MLS, the negotiation was fairly straight forward.

Well yes I have started that dialogue but wanted to hear from the forum team as wellI thought this would be fairly standard 

Hello BP, I’m fairly new to REI investing and the BP community, but I’m excited to get started and hopefully join in with the rest of you soon!

The broker is fairly new and  that could be part of it.  

On a fairly straight forward RE deal there probably shouldn't be a ton that can go wrong to begin with, but if anything does, why would you and your father fall out over lower than expected returns or losing a couple grand?

Fair advice and makes sense.

If GC does most of the labor, would it be fair for him to put in $60K, I put in $100K but then we split profits since he's doing about $40K worth of work?

Any asset that is priced using this prevailing cap rate is by definition "fairly" priced regardless of how low or high that cap rate is.

Although i’m a novice but I’m fairly confident that this area is at or near the top of the housing market cycle.Thanks for your comment Ryan.