@Jason Bott yes in Waukesha, WI do you have a contact email/phone number?

Memphis is indeed a prime market for house flipping due to its combination of affordability and growth.

It was a newer subdivision and the builder had pulled out due to the Great Financial Recession of 2008.

But you're already calling it "guaranteed rent" which tells me you don't.Section 8 rent is NOT guaranteed.

It was basically a plea for help.

@Jody MartinezYou can pull the permits typically for the GC but not for trade permits. but if you do the work are you going to disclose this when you sell that you hired unlicensed contractors and notify your insurance if same?

THIS part would be a blast to do with your buddy.

It is a risk that I didn’t expect.

I would work with an experienced agent where good negotiating skills were table stakes and that's their value proposition (they do it all day, every day).   

It’s very hard to salvage things and it’s hard to realize your actual highest ARV doing a half flip job.