We buy 100s of properties a year, typically one-by-one, and if I can't do the math on a piece of paper I won't do it.

See, getting bid's is nothing but a # on paper, or verbal.

If you’re comfortable with the risk, investing could make more sense, if not, paying it off keeps things simple and stable.If you decide to move forward, good luck, I’d love to connect.

Some investors prefer simple debt-style funding with a fixed return and short timeline, while others take an equity position for a share of profits at sale or refinance.

There should be a paper trail of what was done and by whom. 

C market and below sfr flips may look sexy on paper when you look at market rent and lower costs and turnkey etc etc, but they introduce many pitfalls, particularly in KCMO C class proper, where troublesome tenants can acquire city funded attorneys to drag out evictions.

Quote from @AJ Exner: Hey Caleb,DSCR is probably your best route and specifically a group that understands how a property can cash flow on paper as either a LTR or a STR. 

Anyone have a simple way to help structure our portfolio of flipping business, STR, LTR, and developing vacant land too.  

Spend a week or two creating a simple SOP — what lists to pull, when to call, what data to record, and how follow-ups work.

His share of the profit can be reported on a 1099 if it’s structured as a simple investment return, or on a K-1 if it was set up as a partnership.