As long as you can find deals, find the people to get the work done, and don’t mind the active role you’ll need to take, keep on flipping.Once you have more money than you can find flips to fund or you can’t find the crews or can’t manage all the crews or you want to be more passive then start keeping rentals. 

Questions like these will play a huge role in finding your answer.

So:1 - list all of these roles, then AFTER this list is complete, without regard for who is doing what (this may change),2 - assign a number from 1 to 10 to each role...there can be duplicates since some roles may be equal in value.3 - Now assign each role to each partner.4 - Then add up ALL of the numbers from the main list (Step #2),5 - and divide 100 by that number. 

Do not go with the JV structure mentioned above, unless your partners will play an active role in the investment.

@Joseph Salzillo is a great agent in CT and has exercised a similar model in this competitive market.

It is sad that I exercised every option I could meeting several times with (both individually and together) the building inspector, the building official, my city councilman, the city administer, and the mayor to try and prevent an escalation that would involve lawyers.  

Thank you, I’m exercising one last lending  option before having to go that route.

. - Your option strike price can be set in advance so that you capture appreciation and mortgage paydown- Upon exercising your option, you can purchase subject to his existing mortgage (assuming you like the terms)- You can offer to make his mortgage payment for him each month while you lease which makes things passive for him.- You may need to find a private investor for the remodeling funds.

Has either party given proper notice to renew, or to exercise an option to renew?

At this point my husband will most likely be earning about $200k at his current role.