So basically my $325 a month that I needed to just handle these specific items really cut into my "cashflow" that I originally thought I had.

The sponsor doesn't get any of their "cut" until you, the passive investor, get your 8% preferred return.If there isn't sufficient cash flow to pay the 8% most deals are structured where that shortfall throughout the project is made up on a capital transaction (loan proceed or sale) first, then the sponsor will start to get their cut on that cap transaction.Remember that in this scenario the sponsor doesn't get anything until the passive gets their 8%, if no 8% then no piece for the sponsor.   

Ride out the lease, give them their notice and cut them loose.  

I do have experience with people trying to make me lose other potential buyers and then cutting the price.I never put up with that. 

But, quick thing is that you'll be able to go to a lender, get a 75% LTV loan, and they will cut you a check for $31,500 (Before closing costs, taxes, etc.).  

They will want their cut of lost commissions, as will the agent.

Do not cut any corners that makes any property to look better on paper.  

The problem is that the public is now educated on what is a cosmetic flip and what is a true renovation, so the cosmetic "lipstick on pig" flips sit vacant while the truly renovated homes in the $150K range sell in under 4 days for ask+.So, 20% margin, less partner cut of 50% and tax/close cost of 50% leave 5% margin for flips.

If you're in LA and looking to cut down on your overhead, you should consider leaving your firm and getting an entry-level sales associate position at Matthews.  

Not everyone is cut out for it and not everyone will make it.