You're clearly in a position of power so rushing into another deal or renting something you don't want to rent makes no sense.

What made you interested in investing in this type of deal?

I will contribute money for buying and renovation, and the partner found the deal and will do management of the project, split is 50/50.

However you have a couple of dilemmas to deal with. 

As you've already discovered, dealing with their cosigner can also create a lot of extra work and come with problems, particularly if you have a helicopter parent or two.Home care for four residents?

$300K should allow you to buy a duplex/2-unit and both doors should be offering a profit even at 15% down.If you are in a situation where you are getting hit with high taxes, high rate, low rents it might be a "Walk away deal".I have to have conversations daily talking people out of buying a particular home because its a bad deal.

You'll have Craigslist, Biggerpockets, referrals, you can call title companies, and even other wholesalers if you have no luck finding a buyer. 50% of a deal by co-wholesaling or joint venturing is better than 0% of no deal.

Hi All,I was originally searching for LTR properties in Indy and deals are just not penciling in so am thinking of pivoting to BRRR then STR or MTR.

.) - would you consider this a reasonable deal (don't need a home-run)?

But when I checked some houses in Cincinnati, the deals are lot better with higher cash-flow.