Get that money to come home as soon as possible then  turn it loose on the next project.

They do not want to owner finance it and then new owner runs it into the ground and they have to take the property back worth less than when they financed it.You have to be careful on giving full guarantee on  a project if you have limited experience just to get into a deal with owner finance.

Now, I've got my agent bringing me mls houses, but the numbers are not matching my excpectation (1% rule)Now, I'll be staying for a month, so I'm telling myself I should try to partner on a rehab project.

Window on either side of attic would have to become doorway... with flight of stairs down either side of house to meet fire code.I see myself occupying the first floor.The total breakdown by floor would be as follows:Floor #1 - 4 rooms, kitchen, full bath (Total = 6).Floor #2 - 3 rooms, kitchen, laundry, full bath (Total = 6).Floor #3 - 1 room, kitchen, full bath (Total = 3)So, My question: Do the projects justify the rental?

That's something you should check and use "projected" property taxes if this will happenDoes your property manager have any other fees beyond the monthly management fee?

If you're buying a flip project, you'll either need a Vacant Dwelling policy or a Builder's Risk policy. 

I'm a developer with ground up projects in the $20m-$40m range as well as multifamily acquisitions. 

I am sure there are plenty of flippers using HMLs or PMLs,  but do any of you actually partner on a project where you split the profits somehow? 

I like to add these little fun touches to my projects.

Also I've structured deals that have a time horizon well over 12-18 months if the projects are great with basically assured yields above expectations, and/or an annual coupon is assured.