Maybe email them right away laying out the ins and outs of your deal and how you could earn them more return on their money?

It's a way to earn cash, likely large sums if done well, but if you are just planning to flip then that is more of a job than an investment. 

But if not, you might leave yourself open to a lawsuit for misrepresenting the investment.From an investment end, if you managed the property and earned that $690/month management fee, you could earn $8,280 per year.  

Hello BP, I'm currently in the "research" phase of my journey to investing, but hope to get to the "action" part later this year. The market in my area is super hot, and usually in my research when I notice a good dea...

The cash flow was great -- when the renters paid, which wasn't often until I hounded them, and when there were no major repairs, of which there were many, and when there were no vacancies, which there were many of, and when I could find desirable tenants, which was rare, so the houses sat vacant for weeks and even months between renters.  

Long story short, I calculate it myself for each payment that comes in and book it to a Discount Earned account in the accounting software (QB in my case). 

Some stats on the property:ARV: $240,000Asking: $159,900Repairs: $15,500Profit Desired: $20,000Expected time to flip: 1 Year, as I plan to live in it for a little bit before I put it back on market.

He would still have the loan in his name though, so may not work if he is trying to buy something else and can't take the debt/earning hit.

New as in I earned my real estate license last Tuesday (May 3rd) and I signed with Keller Williams in downtown Orlando on Friday (May 6th).

The other one is on a less desirable location, but it is working, bringing is about 2.5k for the last two months.