You will need an OK licensed attorney to handle all the Oklahoma legal matters.  

It depends on who found the deal, negotiated with the seller, etc...if you are just providing the funding and your partner is handling everything else, a 50/50 would be fair compensation.

As I think about creative ways to obtain my first property, I can't help but think a little outside the box.I own a lawn maintenance business and while we mainly deal with residential (better money), the company can handle small to mid sized commercial properties.

West coast we are still able to get em done in 30 days start to finish but boy I have a hard time having that happen in other states.. especially attorney driven closing states were the buyer and seller each hire their own attorney.. boy who ever though that one up.. the amount of back and forth between the attornies and mistakes and delays just cracks me up. compared to our title company clsoings everyone using one escrow officer to handle the transaction.

Prior to consulting, I worked for a European Multinational Asset Manager handling performance measurement, attribution, and analysis for domestic and international equity portfolios.

I am looking for general advice on how to handle a first flip.

They could handle the specific questions you have about the eviction and damages.Big picture....Just like so many landlord situations, you have to run the numbers.

Having said all that, the EPA has guidelines here on how to handle various building materials that have been in contact with water.

There are limits as to what may be done with land in trust, additional burdens on how that land is handled, and the overhead associated with placing land in a trust.Before doing a land trust, consult with a financially minded attorney in your area.

I belong to a couple of other facebook referral pages and they work pretty well.