First off... separate the two entities. 

The downside?

My question is to people who has flipped houses or know how it works, assuiming I get a house that needs some work in order to make money and resell i have to renovate it nicely but I dont have any skills nor knowledge how to do remodel and I would have to get contractors to do it for me and they are not cheap at that point i would get contractors to do everything and will i make any profit after selling the hosue? 

If you buy the house, do you owe both a fee?

The person who found the deal, future partner, found it off market, turnkey, under market rents.

I have looked at SK so understand the market there.

They signed the lease in March 2024.The first time they were late it was a couple of days past the 1st but within the 5 day grace period……Ok.The second time, they notified me on the 5th that they wouldn’t be able to pay until the 12th.  

The roof and attic are the best parts of the house, 0 problems.Main line, laundry line, kitchen line are actively leaking.

It looks like this:THEM: I wouldn't be ready to rent this for six months.ME: I'm sorry, but we are not holding the property vacant for more than two weeks.

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