I have free cash flow of $1950 per month, plus my value is about $250k higher than when I bought it.Keep in mind, both equity and rent growth will be highest in DC proper, then the metro line suburbs after that. 

There are a number of good areas within KC proper. 

Yeah, I need to think about building a team properly.

If you are going to do it, you need to do it right, set up a proper, legal company and that will involve dividing up money between all parties.  

You will need a commercial narrative report (commercial appraisal), possible environmental report and the land may need top be surveyed to get the proper ALTA endorsements from title.

Just do a proper deed transfer. 

Its important that your agent is able to provide you with a properly prepared CMA so that you know what you are buying is worth what you are paying for it.

Don't know your neighborhood or family lifestyle, but if an RV will fit there, then buy one and rent it out. 

@Alex Nicholson for broken items, it's best to get STR insurance from Proper or CBIZ so you don't have to deal with Airbnb.

. - If it's a partnership then that requires a lot more information if anyone's going to give any advice on what to do here.If they're only providing labor and GC (management), then half equity in the flip could be fair compensation.I need more info to give any kind of proper advice