What if the partner with the 300K debt is studying to be a doctor, lawyer or engineer and is expecting to land a big job at a big firm in the next 2 to 3 years. 

Investor spends money on real estate, expecting a positive return

Then I would expect the owner to cover the cost. 

Old buildings where landlord pays water I take 60% of expected gross income off the top in expenses.This does not include immediate deferred capex which would result in a further price reduction or credit from the seller to purchase.If property was full I would look at the loyalty factor of the tenant base.

I expect to be able to pay down the loan so I will be refi -ing at 75%-80% LTV or even less.

As with businesses, don't expect to profit right off the bat.

not sure what you expect to do with 10k... running a golf enterprise takes a huge amount of money..

Our clients get 100% of what they expect from us in service, return and value.

Even when they are expected and can be planned for.I'm currently a little bit in the same boat. 

Have other investors gone into flips expecting to sell for the highest comp in the neighborhood or is this a bad strategy?