I am currently renting out a property to an unmarried couple and I just recently found out they broke up and he decided to leave the property and cancel the services he was paying for.

If someone is wanting to partner with me on a real estate deal but he is looking for properties to add value and have appreciation to potentially sell and I am less concerned with the value as long as it cash flows positively, is there a way we an align our goals to work together? 

Other concerns - I know many people don't want to be investors in houses in flood zones b/c insurance expense is so high for the investor (while it's much more affordable for a owner occupied property) - is it similar for a sinkhole? 

But I'm more concerned about how the housing prices are inversely related to the interest rate ie.

Here are the rough numbers on one of the houses, both are similar:Total investment (acquisition, remodel, carrying costs) - $200,000Current value (after netting out selling costs) - $270,000Potential Rent - $1,500/monthI can do a refi and get my $200K back out of the project, that leaves me with a mortgage payment of $1,400 including taxes and insurance (assuming 30 yrs. at 5.5%). 

Not sure but I guess I have to focus on one objective and go after it, but help the homeowner out too and get them the benefits of staying and the benefits of leave.

Exactly what my concern was from 2 years before. 

I would imagine utilities and fire separation are going to be the 2 chief concerns, and you're going to have to check with your local code enforcement division or a good, licensed contractor to figure out exactly what you will have to do to rent those spaces separately.

Could you add some additional insight to address my above concerns? 

Currently, my goal is to become a real estate wholesaler and eventually be able to leave my current job to do that full time.