I'd then repeat this process every 12-18 months until I had a reason to stop.Concurrently I'd be trying to increase my W-2, or 1099, income as much as possible, as soon as possible.

The fact that you increased the income from $2,225 to $4,041 is great and I would think should contribute to a higher valuation, but that depends on many other factors.* Since you didn't significantly change the condition or quality of the property, any increase in value would be due to either you paying under market value originally, or appreciation due to buyers paying more for similar properties in the area.

It’s about building an actual business with your own customer base (and not what you lease from OTAs).

Pro tip: walk through some turnkey properties and establish for yourself, What is a good renovation and what is a bad renovation and see if you and your partner agree.Being on the same page with your partner is extremely important to the success of your business and partnership.

These assessments aren't just disappearing into thin air, they will be used for maintenance that will help stabilize/increase the value of her property.Your SFH requires maintenance and you should have reserves for that.

No one else in my office wants to do the marketing, but it's my job as the Business Manager to drive leads to our community!

You increase the size of the work if you like the results or find someone else if they do a poor job. 

If we crush the rehab I think we can even push closer to 200Cash-Out Refi Amount: $131k (75% LTV of the conservative 175k figure) Profit if done as a flip: 60k. (175k - 115k purchase price & rehab)Cash Invested: 18k (This accounts for $7,500 for down payment to lender, $2,000 in EMD to seller, lender fees, inspection, insurance, title, projected 3 months holding costs at $1000 per month)----------------------------------------------------------------------------If I do it as a flip, from what I understand, I'll be hit with a ridiculous tax bill (24% short term capital gains + 15% self-employment tax), leaving me with roughly $36k after-tax profit. 36 - my 18 invested leaves me with 18k increase to my net worth.

Investing is a business and consider the future revenue prospects.

To me RE is a hands on business where stock investing is just that investing in someone else's businesses.