The reason to have comparables is if you are representing someone or perhaps purchasing a house for yourself to live in.

I know I can't have it all but looking for a stable appreciating with some cash flow and a turnkey SFH.

All groups have mentioned, wanting to try our hand at flipping independently, and I thought why not do it together. 

Getting an LLC in place from the start can provide peace of mind and give you a chance to familiarize yourself with the process before expanding your portfolio.

In a fund you typically are backed by all the assets, when doing it yourself its one.

Just want to mention that sometimes it works out better to raze an existing property down to like 2 studs and rebuild around it so that it still is classified as a remodel versus a complete new build. 

You need to rewire yourself to ALWAYS look for the opportunity.

It is my understanding that the new owner will have the house at the cost basis of my purchase price, for calculating capital gains taxes or depreciation.For gift tax purposes for you - FMV.For capital gain tax purposes for the recipient - your original basis/purchase price 

Do I rip the bandaid off and get Ethan Allen or Bassett?

If you do this, make sure you have clear intentions and written terms each party agrees to.