After 5 properties, I'm about to jump into direct to seller marketing and trying to pick up deal flow that way.

The host has to decide what their unfair advantage in the market is going to be (location, pool, hot tub, amazing view, high-speed network, great for families, close to everything, themed house, etc) and market to that.Mike

Sorry to hear you are dealing with this.

You'll likely get a much better deal. 

In other words if your partner invested $100K and the sales proceeds of the property is $200K its not $100/$50k/$50k at closing..

Sounds like a great deal. 

Instead I would find an experienced flipper, offer to partner on a deal, maybe bring the deal to him if you can find one, and agree to take a reduced amount of the commission in order to be involved and learn about the process

What made you interested in investing in this type of deal?

I typically tell clients don't expect to close a deal from SEO in the first six months.

You'll have to connect with brokers who can help you source these type of deals.