To keep the hard cost down somewhat I DO plan on doing some Serious negotiating as far as supplies and labor goes .Not that I am a cheapola but there are bargains around if you shop hard enough .

If I am in a partnership where my partner owns and supplies the house and I supply the renovation budget.

Yes, it's possible to make some money here but the market is super hot, a lot of investors here have extremely deep pockets and the demand is out stripping supply by a wide margin.

But if you have three amazing candidates and one wiling to pay it, then go for that one.I'm not sure how the supply / demand is within your area at this moments, but this gives you more qualified demand to select a qualified tenant. 

Makes me think it's not a supply or supply-line issue, but I'm certainly not a plumbing expert.Any thoughts?

But, remember, the broker needs to make his/her money somewhere, so if you're not paying commission splits on your transactions, you're probably paying much higher monthly fees.A broker incurs a lot of costs from the agents s/he oversees -- including liability, training overhead, office supplies, paperwork review, continuing education, etc. 

I definitely believe the City of Milwaukee is on the rise but is an economy that is slowly transitioning from an industrial economy to a global economy.

I.e. is he going to charge you extra for his repair trips or are those included (at least the labor and basic supplies)?  

Hi @Steven Booty,A lot of people here in Monmouth County complain about the inability to find good priced deals, so I'm glad that you're able to recognize that there is a supply.

Especially as markets continue to be hot and buyers are everywhere they continue to squeeze margins tighter as the supply of properties is low and demand is high.