But all of the feedback and positive comments have helped me realize that I simply need a system.

View reportFirst time using this tool, im trying to decided if I should present this deal as a flip or because of the set up of the house its basically a duplex should I present this deal as a rental ?

Depending on the city, I wouldn't go lower than $850 month rent on SFR, and I personally prefer $1,000 and above.Also verify all the numbers presented for even hard costs like property taxes, property management and insurance. 

@Chris Mason Thanks for your comments. 

The electricity isn't knob and tube and doesn't present much difficulty to maintain and modernize, the plumbing is all pretty simple (single stack).

I'm open to other ideas, percentages, comments, questions, etc. on my idea for this partnership.

It is hard not to choose the kind of homes that we would personally want to live in.Any comments and assistance would be greatly appreciated.Health, Happiness & Blessings!

I doubt boarding it up and leaving it there would qualify.3) Without knowing any of the numbers, or the market you're in beyond the war-zone comment I'd say personally I don't want to be in war-zones, so I'd take the money and move on to the next project.In our flipping business, velocity of capital critical.

All comments would be greatly appreciated,Henry

Also if a deal presents itself at a REI how are agreements documented?