We are trying to figure out a good split of equity and cash flow since they will likely be putting more down upfront but they live out of state and we would be doing a majority of the management. 

What town do you live near by?  

I live in Southern Oregon currently and what little inventory we have here is massively overinflated.

@John O'Leary  I kind of have the same issue, but it's a condo in the building where I currently live.

His assistant Mercedes contacted me on the arranged date/time answering a concentrated question that I had.

Let me know if you need assistance!

Giving specific real estate assistance generally requires a license.

I need assistant or advise on the feasibility of one of my crazy ideas.

I also gave her the address of another problem house, next to the house I'm living in, that has a squatter living there and she's looking at doing a tax sale on that. 

Are there amenities that appeal to people living there?