Like you, they’re attracted by the much lower cost of living but also the weather or the country’s beauty and culture and the proximity and easy access.

The other neighbor recounted watching the beautiful structure fall to neglect.

We've discussed some basic expectations like, whoever finds the lead or brings it to the table should get a finders fee, whoever fronts personal holdings into the rehab should get a respectable return on their investment, managing contractors or performing work on the property deserves compensation, and we both assume with my partner being a realtor, he would receive the commissions as listing agent. 

You can help accomplish this by putting together a realistic pro forma of the performance of the investment over time. 

This is why I was asking how lenders (I should have said appraisers) value these properties if they aren't performing.

Knowing the long term gain in rentals will out perform flips.  

Usually when those conversions happened utilities were not split properly especially since no building permit or proper inspections of the quality of the conversion work performed.

I would highly recommend @Rob Drum in who's a high-performing agent in the greater Birmingham, Alabama area.

Machine learning is not a means by which to evaluate or perform analysis, be it financial or other.   

Anyone have recommendations for gathering general economic data, things like stock performance in past years, job growth in different places, REIT or syndication performance.