Offer the initial lease as either 6 month or 14 month.

As others have said, the process is very similar to when you took out your initial loan.

Assuming you didn't have a pre-payment penalty on the initial loan.

With regards to value after renovations..If you're performing rehab work, include this cost with the purchase price in your initial cap rate calculation.If your increasing the NOI after purchase, update this number once complete.To calculate your post value, you need to know the local market cap rate.

Think initial advance + rehab cannot exceed 70% - 75% of ARV.  

My initial goal is to find a property to rehab+house-hack- ideally in the Minneapolis Northeast neighborhoods.

They begged and pleaded and said please take it (for free), we have PLENTY of leads coming our way, we don't need to deal with this...

His associate is also a CPA and enrolled agent.The initial consultation is free and he also provides wonderful business consulting advice.Honestly, John is just an all around great CPA and does not stop until the work is done.BestCatherine

I have down multiple JV deals, and I have always had some money in the deal even if my partner often times had more capital initially. 

Edit: If you're worried about incentivizing the other kids to throw rocks so you'll give them money to stop, I think that's taking it a bit far, but you could ask the kids to make sure nobody else throws rocks as well when you pay them initially.