Now, I've got my agent bringing me mls houses, but the numbers are not matching my excpectation (1% rule)Now, I'll be staying for a month, so I'm telling myself I should try to partner on a rehab project.

Window on either side of attic would have to become doorway... with flight of stairs down either side of house to meet fire code.I see myself occupying the first floor.The total breakdown by floor would be as follows:Floor #1 - 4 rooms, kitchen, full bath (Total = 6).Floor #2 - 3 rooms, kitchen, laundry, full bath (Total = 6).Floor #3 - 1 room, kitchen, full bath (Total = 3)So, My question: Do the projects justify the rental?

That's something you should check and use "projected" property taxes if this will happenDoes your property manager have any other fees beyond the monthly management fee?

If you're buying a flip project, you'll either need a Vacant Dwelling policy or a Builder's Risk policy. 

I'm a developer with ground up projects in the $20m-$40m range as well as multifamily acquisitions. 

I am sure there are plenty of flippers using HMLs or PMLs,  but do any of you actually partner on a project where you split the profits somehow? 

I like to add these little fun touches to my projects.

Also I've structured deals that have a time horizon well over 12-18 months if the projects are great with basically assured yields above expectations, and/or an annual coupon is assured. 

Investors can buy into institutional grade $50-125M projects with as little as $100,000.

Whenever there is a big project in my market, I generally make one tenth of one percent of the project cost.