Also, are you charging one flat rate to include utilities or charging rent plus splitting up utilities?

FHA loan with monthly payment including taxes about 7800. the other side would get up to 3200.

I would recommend breaking out the roles and responsibilities into percentages and then working from there.

Also include pictures of the land.Is the land buildable / usable?

I’m budgeting about $1,500 per room, so $8,000-$8,500 to include the LR, DR, kitchen, and outdoor space.

I will include myself in that camp.

It may also include submitting the requisite permits to support your plan.  

Even the financing side is pretty straightforward math.Knowing what to look for in your initial tour, knowing how to ballpark renovation costs, knowing if contractors are taking advantage of you in bids are all components that can make or break a deal.Other tips, as noted: get the highest paying job you can out of school and save as much as possible.  

Would you lend a million dollars to someone who had no clue of the ups and downs and the bumps in the road of flipping houses.This is why I build out networks in the midwest for those looking to break in because those 90k houses with the 40k rehab, those houses are the deal 1 deals a lender would like to see. 

There are reasons to not choose San Diego including entry price and politics, but ROI is not a valid reason.