Hi@Mark Vesu, when deciding any important financial decision always reflex on the goal you are trying to seek.  

to me, this language makes it sound like that's their only out to unilaterally terminate. the first portion of that paragraph talks about either agreeing to a repair deduction or termination, which appears to be a mutual decision, not a unilateral one. i would be getting an actual legal advice on this one vs relying on an internet forum.

For one I'm not absolutely sure this is all the data needed to decision on this deal, and also I'd like to know what you guys think about the 1% and 50% projections and how it compares to the actual cash flow after crunching the numbers.

But at the end of the day, you must rely on your analysis to make the final purchase decision.

The biggest thing for me now is money, which as I said above I’m knocking off debts and saving to invest, but it seems like I’ll never get there because of some bad decisions I made when I was younger to dive me deep into debt, along with having no college education, leaving me to not really able to get a job that pays anymore than 18-20 an hour.

He is hooked on Kratom and now his decisions are damaging my property. 

The trick is to be honest with yourself and to make the decision based on a thorough understanding of what is required and what you are capable of.

Long story short, my wife and I made a very poor decision going into real estate/landlording with my sister in law and we want out.

Ask for their feedback on what it would likely take for you to get a loan on those sample properties.Remember that unless you're paying cash, the real decision maker on deals is the lender.

Include how much money is being invested by your friend (downpayment and the fix & flip costs) who will be managing the project, who will be making key decisions, who is doing each segment of the renovations and spell out specifically all the costs for the flip - including: Money for renovations, taxes, insurance, and loan payments while they own the house, utilities, marketing the property for sale & the agent’s commission - if using a R.E. agent.