I know next to nothing and his cousin regarding most real estate and flipping but you're basically at fifty percent to a loss and partner in tow there? Plus guaranteed structural repairs going in and leaky roof mean soggy floors or walls. Huge plus might be the acres if you don't plan on raising barn shit. I see battered barn needing a roof I see potential guest house or such. Maybe some pseudo cabin you can rent out to bearded man-children who cannot change a tire but love cabin life. If you have someone in the construction-contract business get em involved. Or ideally to invest . Flipping seems like the ideal gig but also very hit or miss few guarantees.