That small spread of 350 that doesnt include calculations for repairs and such is very unlikely to keep you above water.

And that includes using agents.

First thing to establish is what the project will include:- buy and rent out- buy and renovate then keep- renovate & flipEach of those Scenario's could mean different policies needed. 

Again, this is what I need to learn: The Flipper’s Profit (how much the flipper wants to make on the flip)Repair Costs (how much it costs to fix up)Fixed Costs (how much the deal is going to cost the flipper, including holding costs and transaction costs on both sides of the deal)

@David Fawcett you will probably need to include a city or a more specific area than Northern KY.

Now a consideration could be money but it could also be other things including promises to do something or not do something.

There are a lot of variables including your structure (LLC with Partners?)

As reported in the Miami Herald (https://www.miamiherald.com/real-estate/article221739550.html)  Cities included now are: Boston, Chicago, Dallas-Fort Worth, Las Vegas and Seattle.

Absolutely need everyone on leases which will include detailed rules and regulations.

I'll include a few below.