Being completely objective to either of your best interests- If you're both sharing the cost of marketing, you do all the lead intake, information gathering, and negotiation... then your partner finds the buyer, manages the transaction, and funds escrow..

Best way to get a response to your question is to put out the objective parts of the deal. 

My objective with this landlord policy is to protect my investment, whether there is a partial loss or total loss.

I'm not the best at objectively hashing through yet, but I'm getting there. 

@Michael Sabosky have you clearly defined an objective and criteria?

Once I was under contract, I hired a property manager and have been working closely with them to help manage the renovations and our objective is to get the property rent ready within 30 days.

My advice would be "don't get shiny object syndrome" and by that I mean figure out what your goal is and what kind of properties you want, and don't deviate from that just because you might make a dollar on something.

You might want to clarify your objective in investing first.

I have been accused of ADD, but I think it is more "shiny object syndrome"  What works for me is focusing on people I can help, who also offer value to me. 

Run your #'s and so long as it makes sense and hits your objectives, I'd go for it, even if you think that it sounds expensive.