I plan on making my first trip out in early 2026 for my initial due diligence and research / interviewing General Contractors, Agents, Lenders.

The only reason it was is because of surprises we missed during the initial walk through. 

What was the initial ARV when you first analyzed vs today?

We dropped to my initial suggested price and phone rang off the hook and we got it leased to what I hope will be a great long term tenant.   

. ($70k total capital contribution).Him (Operating Partner): He found the deal, holds the loan in his name, manages the contractor/renovation, and handles property management.We wanted to do a 50/50 partnership and initially looked at flipping the house.

Seller financing with low initial leverage pressureA lot of rural land sellers are open to favorable terms — low down, interest-only periods, or long amortizations.

I need a comprehensive solution that can:• Track the property from the initial purchase and closing cost, rehab through ongoing management• Record and categorize all rental expenses• Allow me to scan and store receipts digitally "very important"• Monitor additional costs associated with the properties• Track rental income and proceedsI would appreciate any recommendations or suggestions you might have.Thank you in advance for your help!

How did you structure it initially?

For the initial purchase, I’ll sometimes use alternative lenders if they offer better leverage, but that depends on the situation.

Quote from @Diana Palavra: My specific questions for experienced flippers:The Process: Do you rely on your own "napkin math" to estimate repairs during the initial showing, submit the offer, and then bring in contractors for hard quotes during the inspection period?