I think I can rent each side for around $1,250 each, and after doing some analysis, it looks like it could cash flow positive.

From a position of attracting buyers for the homes surrounding the airport, it certainly does that and helps boost the home prices.

They could do a "subject to" or a "lease option" transaction depending on their personal needs and title position need and how much they trust each other. 

@Shane Jeanfreau if you will be seating on built up equity that you created by repositioning the asset you MAY be able to refinance the property after 6 or 12 months to 70%-75% (or more depending on your lender and the property) of Appraised value.so if you added sufficient value you may be in a position to have no money in the deal.

If I'm launching a new account I'll take a gauge at the competition, yes, but not to see how big they are but to see what wording they are using, how are they positioning themselves in the marketplace, are they using relevant ad copy, are they using the keyword in the path URL, are they even using something so basic as ad extensions.

These two combined will probably eliminate any positive cash flow.  

First off I bought the book, Real Estate Note Investing, to learn more about buying performing and non-performing notes and different position strategies.

Yet you still own it and conceivably collecting positive cash flow.  

The borrower has to settle the debt...it's not going away...and there are also late taxes I would bet...which are in first position in front of the mortgage.

I'm eager to learn the business and will do what it takes to be successful.Basically, I'm looking for an entry-level position that will give me the opportunity to learn as well as to add value to someone's company.