We are splitting the profit 50/50 and then of course taxes will eat up quite a bit :/ But still not complaining!

Sounds fishy he’s refusing to cooperate with a buyers agent......the lender eats the commission in a short sale, not the owner.

However, a trip to the US would probably be enough to eat up most of your profit for the year if you are doing such a small, or low-priced property.It's better to find a syndicator with a good track record whom you trust, and invest passively with that person.  

Will those dollars reach Joe Six pack's disposable income or will needs like house and healthcare eat it up?

Fire them and immediately get somebody else out there before the holding costs eat you alive.

It is simply matter of time when Airbnb is going to eat VRBO's entire lunch.

It's an alligator and it will eat you.

I agree with your idea of staying closer toward the city and eating the higher price.

My first thought was I am going to eat up and spit out in two weeks.

If you have experience doing these renovations then maybe you need not heed this, but if this is your first time doing renovations this could quickly become a multi-year project and turn your duplex into an alligator property (eating up all of your time and money).