When they cannot remove the tenants they can’t fix the units.It is also an overreach, what the city could start with is helping the landlords deal with their tenants, perhaps starting some sort of arbitration system.

Bottom line:  Professional flippers don't rely on getting deals closed in 2 months unless it's a property that only needs paint, flooring,.... no permits.

True private money is going to cost 10-12% plus deal equity which often makes the true percentage 20-22% on your money vs alternative lending which will be around 12-14%.Here to chat if you want some help comping a deal and putting one together. 

How do you deal with the stress of ownership.

if it is just the financial side holding you back - let your bank be your partner… or see if you can borrow the money from a family member who knows and trusts you -  without actually partnering with them on the control of the deal itself (pay them interest - or even bring in on the lien to secure their position the first time) - but let them be the finances and you control the project. 

Many times they will claim it's wonderful and then try to hide their worst deals by only showing completed deals.

Maybe % of purchase price (though that would mean low estimates for killer deals, and higher estimates for hot market properties)?

TIAHi Quynh, sounds like a great deal! 

I am ok to leave some money in the deal.

You also don't have to deal with any STR regulations since you're a 30 day+ rental.