What would you give the seller?

[Steve Mikrut]

I have a seller who owns a property free and clear. The house is wrecked and the seller doesn’t have the time or $ to rehab the property.

I'm considering doing a JV with him since it's a family friend. He owns/holds the property and I will put up the $ and time to get the work done.

In this scenario, what would you offer the seller over and above what the home is worth in its current condition?