Have everyone sign the written agreement then give everyone a copy for their own records so no one can forget if they get 40% or 50%. 

And don't forget there are a bunch of blog posts here on BP that are incredibly informative. 2.

Forget multifamily unless your family will substantially back you.

Ok Springfield Missouri is very promising since rents are the lowest across United States it has huge room to come up , it is already moving up fast , the deal is great if you can get a loan for 4 percent or less otherwise wait until you qualify for lower interest rates but 7 percent will not work forget it 

Forget it unless you want to loose the sale.

Could hang onto it and establish two large bedrooms in the basement pretty easily though with egress windows.

@Nat Chan - unless there's an amazing amount of equity in the deal, your made of money, and have tons of time; I would forget it.While I'm sure someone's had success with a specific performance lawsuit, as an investor, you're going to got LOTS of bad media and attention chasing them.I'd keep my name out of the mud and move on.

The property needs new windows, some kitchen and bath updates etc. 

Do the same analysis for the HVAC, windows, painting, etc. 

And don’t forget the tax differed benefits :)Good luck... and like others said, I wouldn’t push it.