If I need to pull out money to cover two kids in college (I fully expect to need to do this), then I can still rent the home at a profit, and have deductions for my rental income.  

I am curious if there is anybody out there who would be interested in being the money side of a flip while I take on the construction, management, and marketing, for a negotiable split of the profit.

Both were homes i purchased with cash after the tornadoes in 2013 and one i sold for a 49K profit and the other one i live in which is worth well over 100K more than I have in it.My brother is currently working on getting his real estate license so we have access to the MLS and can write our own bids.  

The goal is to prove I have an established profitable business (profitable now) and can start applying for Business credit. 

This formula is the Profit Margin Formula that accounts, for 99.99%, of everything.

It takes a MUCH better deal than you think to be profitable. 

Any time I wanted to buy another house, I'd print out my P&L and my Balance Sheet, and Also My P&L by Class (Which is a Profit and Loss per property), giving me my bottom line and net worth, per house and per unit.  

Being out of state, with no contacts it will be impossible to turn any profit on properties in neighborhoods like that. 

The partnership I had or have available for me is a silent partner who puts half the money down in cash so I don't have to use my loc and can qualify for more, but then I would be the managing partner doing the day to day and I would split the profit etc...The other thought I had was...

The majority of us were brought up to think a certain way about money.