This is because keeping a property nice has associated costs.  

I am looking for an investor to partially fund some of the soft costs for a large townhouse project I'm working on. 

In this same deal, the investor would need to come with 15% plus closing costs and let's call it 17k. 

This has put a cut on our cashflow and we have had some major expenses, like a new roof,  water heater, bathroom remodel, and kitchen remodel all done at the 3 bed house.

In reality, "cash flow" areas to me are high turn over, higher turnover cost, and higher Capex, which all equates to the more risk for less return.  

My partner will be general contracting at no cost, although he will be paying a few key 1099’s and contractors .

If you’re not going to make the smart move of selling tax free, and make the questionable move of being a landlord in Ca just because you already own the home…A) No LLC, it won’t help with taxes, liability, or anonymity but it will increase the cost of insurance, taxes, and any financing  (and maybe the bank calls the current mortgage  due.)B) Get an umbrella policy if you are worth more than $1M, maybe $500k  C) Don’t even THiNK about doing this yourself.

I am worried about cutting off the power and then there be mold grow as we are in Alabama.

Does your end buyer often cover the closing costs and attorney's fee or is this something you take out of your profit on the deal?

If its implemented in a similar way its a real "nothing-burger".