Now, it may be possible to retain a small slice of ownership.

I will mostly likely reside northern Seattle/Snohomish area, which is determined by my job placement somewhere in the manufacturing industry of Washington.

There are probably hundreds of how to books but nothing beats real life knowledge and live advice you can get right here.First option which is the best option in my opinion is to keep 100% of the ownership and equity, keep the investor in a lender position, secured with a note and deed of trust which pays investor set interest rate (I typically pay 10%-12%) and you keep all profits.Option 2 would be to give an equity share where lender gets paid interest plus has some % of the equity.

Make sure you head over to the rehabbing / flipping area of the forums and start reading:https://www.biggerpockets.com/forums/67-rehabbing-and-flipping-forumEven if you are going to be doing a lot of the work yourself you still need to understand the market in your area, how to estimate rehab costs, determining ARV, etc.

I've ran my own Computer Gaming Center, had ownership in a dessert franchise with multiple locations and family once owned a Chevron.

If you can verify this with a call to previous ownership then...Call police file report and send a nasty gram to wreck her credit stating she owes your company 4k to purchase furnace she toke.

First analyse the market and determine where her current rental rate lies.

I did have a NV LLC suggested to me today due to anonymity of ownership.

Divided by a Co Ownership Agreement.I want to buy out my partner’s interest.She wants to sell her interest.She/seller wants to do a 1031 and buy another property.

I've been following your posts on the other forum, your determination is motivating.