It'll be impossible to be profitable without raising the rents substantially and cutting your expenses.

You could use a "cash rich" Partner to help you by taking part of any profit. 

When you are an investor in these deals, you are either a limited partner that has no direct influence on the execution of the deal (i.e. just providing capital to make the deal work) or a general partner that is responsible for executing the deal.The risk in executing these deals and making a profit are laid upon the general partners.

We are splitting the profits 60/40 him.

2nd question - does anyone have an easy equation on how to calculate holding costs while doing a flip as well as what profit margin you look to make?

Total Closing Costs (including commission): $16,637.00Total Profit: $50,179.00 ($209k - $82,184 - 60k - 16,637)Total ROI: 35.29%Total Project time line: 10 months June 2017 - April 2018.The Buyer was obtaining FHA financing.

You are profiting off of raising rents and handing the expense of doing so over to the taxpayers of Ca.

If they are selling their own liens they must be selling them at a premium to make a profit or they are selling the crap they don't want. 

Resourcefulness is the only problem here if (big if) this is a profitable property after paying someone to rehab.

If I sell a product or multiple products to a 5013c non profit organization and they aggressively ask for my Social Security number for “tax purposes” is this normal?