It would be great to leave as a pure retirement option.

If this ends up being flipped as a pure wholesale deal, my partner thinks a 50/50 split of the profit between us is excessive since he has done all the work up to this point in finding the deal and, while I'm providing the $16K in purchase capital, I wouldn't be needed to fund the rehab.

In the meantime buying purely investment properties.Erik,thank you for the info on multi-family.

@Jason Muenchow This is a purely amateur answer but I'd ask for any (and all) fees from the 2nd (lower rate) lender.  

Quicken took me through 3 months of crap only to say my DTI was too high (purely mortgages!)

Jojo Joy: I have used the Patten Law Firm in the past and there really good people over there.

There are no emotions it's purely numbers.Is there skiing in Boulder, CO? 

Loopnet is like that but on steriods.The proforma number are pure poop.

I see Panhandle Getaways, Best Beach Getaways, Sterling Resorts, Price Morgan Vacation Rentals, Red Awning, Real Joy, Vacation Management Group and more.

Total rent for the property purely as an investment property is what I calculated in the rental calculator.I'll have "negative" cash flow purely from an investment standpoint with only renting one side, but that's also partially my cost of living in the duplex, not really a negative cash flow property.