What would be a good percentage for cashflow, you think?

Another option I would be willing to entertain is partner with someone who’s flipping and help with the properties and in return gain a percentage of the profit.

The connection isn't only from the direction of the DP to the Cash Flow...it works both ways, and it's that 2nd direction this is usually missed...and is the most important.The cost of the property to you is what you pay out of pocket...not the Purchase price plus interest, since the tenant is supplying the funds (rent) to pay the mortgage payment. 

I just wrote one in CT that one of our carriers for $400,000 RC was $100 less than the next best rate which was based on $110,000 ACV for the same property.The second item that was confusing is what the payout will be.

If it is structured as a traditional LLC, then while it does pay out the cash flow generated, it is not categorized as dividends for tax purposes but considered nonpassive income.

I live and invest in Monroe, Louisiana, which has a very high percentage of the population being considered to be low income.

As a percentage of the total value, reporting costs tend to be much higher for smaller balance IRAs than they are for larger ones.

A good percentage of those orange and red areas are actually good rental areas.

You'll likely need to get creative to structure their return in a way that the bank will allow (likely a preferred return  where they are not "guaranteed" fixed timely payments but instead are promised the % return but it is only payable AFTER the bank is paid and when the cash flow allows...you still owe them the agreed upon percentage but it doesnt have to be paid out until the property can afford it.)...this is just one idea...there are literally thousands of ways to skin this cat! 

What is the percentage of down payment, %10 or %20 of market value of the house?