Just keep on going.  

He might do the work of rehab while you do the ongoing management, but still operating as a single company.

I ran it by my banker and he agrees.  

I ran the numbers and would love some feedback on things that I am overlooking or mistakes that I made in my calculations.Here is the property listing: http://www.zillow.com/homes/for_sale/Provo-UT/1190...I did these numbers as if I was not living in the property, hence the two rents.2841 W 1680 N$184,000$6440 down (FHA loan)$177,560 mortgage with 3.8% interestExpensesMortgage: $827Taxes: $70Insurance: $50Vacancy: $75Repairs: $150 (old house)Total Utilities: $150Property Management: $150 (eventually)Capital Exp: $150 (old house)Total: $1662IncomeRent (upper level): $750Rent (bottom level): $750Total: $1500Cash flow: -$162It looks like I would have a negative cash flow so this isn't a deal.Although it might not be a deal, how are my calculations?

I ran across BP as I researched buying a home and something just clicked this week.

I've only passed on going into a couple of houses, but I know I made the right call.   

I ran into someone in Pittsburgh who buys houses near Disney World and rents them on Airbnb

I ran a lot of numbers on properties in Sacramento and could not find appreciation because properties were being bid up by families and FTHBs.

And even more important would be a commitment to displaying all ongoing performance publicly.

. $52,000 (assuming 80% loan which are available) This would also create an excellent cash flow scenario for Australia where the rent should cover all of the bank interest, ongoing holding costs like building maintenance/body corporate fees, property management fees and annual tax returns.