Let me know how this can work out.  

I understand the value of analyzing why things don't work out.

Nobody expects it not to work out going in, but if it doesn't, you have to try and dissolve real property with an  ex-roommate (in the eyes of the law).  

It is hard to find lenders out there but generally mailing people doesn't work out.  

When I sell a property, I sell it flat out to an investor at market value & occupied, and recommend them to all of the local affiliates they would need to make the property work out for them over time.Don't split your profits with someone, just get referred to one or two solid property management companies, and buy an already stable, cash flowing property from whichever source you may (MLS, wholesaler, turnkey provider, etc...) so you can keep your returns to yourself.

Let's have some fun with this and see what your barometer for success is.Let's assume due diligence is done and the numbers always work out. 

This is how I know its a good deal, The numbers work out and the value is there for sure in the area to be developed.

Since the owner had some equity in the place we liked the fact that she would probably look to work out a deal with us.

@raman @Raman Bindlish I always keep the security deposit with the property until all tenants have vacated the property, they would need to work out the security deposit monies between the two of them 

If you can withstand a -$50000+ in income, perhaps it may work out if your exit strategy is a long-term rental.