Been thinking about possibly making this home our first fix/flip project.

Achieving economies of scale may best be attained through volume, but learning how to do it on a small scale will pay generous dividends later; pitching the concept to investors will be much easier when you can show concrete results, and extrapolate from those results instead of being forced to rely solely on projections from a concept.

I have been having trouble locating favorable refinance rates on my projects.

Feel welcome to PM me if you want to discuss it in further detail.

You may want to find out if this is DIY projects (and how much experience they have) or professionally done.  

I are on our 50th project.  

If it fails, then you both owe the debt of that project and any associated fees.

Always do the math analysis and try to look at all properties if you have the time to look at prospective properties before you make an offer or at least have a clause in the sales contract that allows you the time (about 10 days) to make a detailed inspection on the prospective property and possibly get out of the deal without a penalty that will hurt you too much.Do not try to do everything yourself.  

Care to share the details, how you found it, price, rents, etc etc?

If a customer doesn't respect the fact that you are entitled to a fair profit for work completed, they'll just badger you and nickel and dime you on every project going forward.