Is it good enough to move forward or should I look for something better.Please see the link below for all the numbers. https://www.biggerpockets.com/buy_and_hold_results...I use the BP rental calculator a lot to run numbers.  

Even if it takes us 6 months to sell and we have some light rehab work to do, the projected profit is still good enough to move forward.My partner is a key part of the deal because he has the relationship with the seller and can get us the favorable financing terms.

Meaning should I go through a lawyer, accountant etc. or would legal zoom be good enough.

Not good enough...the woman went into a tirade calling me a Slumlord and some choice 4 letter words.

Pros:Fewer days on the market (aka reduce vacancy) from additional marketing time and lining up the tenant before the existing tenant has vacatedStaged homes rent better than one w/o furniture (although rare the tenant has good enough style :))Ability to perform an informal "move-out" inspection, which provides a better idea of the turnaround time before the new tenants can move-inTenants may tidy up the place a bit and get a head start on their move-out process (rare, but worth pointing out)Cons:Reduced rent --> assuming some of the above bullet points are a stretch from reality (aka staged home and tidy up the place), the clutter and style may detract tenants from wanting to move-inInconvenience to the existing tenantsCoordination of the showings requires contacting the existing tenantsI know many SFH will list the property while other tenants are in it, but you must take it on a case-by-case basis, and it's heavily dependent on the existing tenants.

A good contractor should know an architect, it's another way to verify if he is good enough, if they have architects they work with regularly.

That looks good enough for a rental in my market...

this preys on people who have money, but their credit isn't good enough to get a bank involved).LTOs pay all taxes, insurance, utilities, and maintenance ($$$).LTO's pay market rent at a minimum, often slightly higher than market ($$$$$).LTO's receive none of the tax benefits of home ownership, because they don't own it ... they are waiting out the clock, and trying not to violate the terms of their agreement until they own it.I won't even attempt to get into all the different flavors of shadiness that investors will paint themselves to obtain property to sell LTO, that's a whole different rant.In this situation, the owner (real estate investor or otherwise) gets all the benefits.  

You can look at hard money if you have a good enough deal - some I know will lend up to 75% of project cost on distressed property.

You can look at hard money if you have a good enough deal - some I know will lend up to 75% of project cost on distressed property.