How would you compensate all parties.

Also, it may be fairly easy for me to do because my dad is a licensed full time general contractor and has been for 20+ years, so I'll feel a bit better trusting him with the project (and getting my hands dirty as well) rather than trusting some slimy third party contractor. 

I imagine hardie-back siding will be pricing too because just the demo part is big job.

You can make changes to a contract only if both parties agree (Lease Addendum).

A lot of lenders have stopped issuing HELOCs so I'd assume a lot are being more conservative with underwriting also.

I have done analysis ARV of $300,000 (conservative since it's my first flip), rehab cost estimated ~$30k put offer in at $180,000 and agreed to meet in the middle purchase price $184,500 How did you finance this deal?

How you worded it will be the difference between one party being able to terminate the lease or both parties needing to be in agreement to terminate the lease.Personally, I would be pushing the tenant that wants to stay to leave.

I've been struggling with getting 0% yield on my savings account and seeing prices of my potential investments go up at 5-15% over the past year...Anyone have a good solution as to where I can invest and try to grind out slow conservative returns? 

I've been pretty conservative with the numbers; income lower and expenses higher.

More than likely one party will be spending more than their fair share of utilities.