My wife plans to partner with me over time and at some point I might look at taking on additional partners. 

I've gotten 3 quotes for an approx 400 sq foot master suite addition (plans already approved by the city) and the least expensive was $150,000 - tile, fixtures, etc not included.  

I wrote a blog post last night that may help prompt some additional questions for you to use in your search.https://www.biggerpockets.com/blogs/8756/51616-tru...

If you run into McDonnell and Assoc, run, not walk in the other direction.....My CPA is Geoff Chatham.  

Occasionally, you will find private money lenders that require a percentage of profit on the sale, rather than, or in addition to, the other fees and/or interest.Loan terms can also vary, but most private money loans tend to be about 6 months.

For me it makes sense to contribute to my 401k, realize the tax savings and simplify my life (by not managing additional assets in real estate).  

I have not been able to walk through it but I suspect it would need a decent amount of rehab.My questions is...what is the best approach to research something like this?

We went back and forth with the owner a few times on price before we walked away without reaching an agreement.

Lock box going on today, and a rehab investor walking it minutes after :) I Told myself a month ago by the end of the year I would wholesale 2 homes...I think that goal needs to now be adjusted ;) I'd like to give a big thanks to my mentors Jesse Burrell, Jared Vidales, and Brian Roberts of HighestCashOffer.com for bringing me on the team and teaching me so much everyday.

We were walking over new flooring in a renovated kitchen when I felt several big holes under my feet.