The objective is to keep as much of your operating capital intact as possible.The goal is to buy, fix, finance, and avoid leaving cash in the deal, so you always have liquidity for future projects.

But you may check if you have to right to object to certain title or survey matters.

Search the BP for ADU appraisals to encounter numerous examples.

I looked at numerous live-in flip opportunities.

With the money they raised they bought too little real estate to achieve their investment objectives, have LENT millions to the training company, financed a couple homes (wonder who got those, I can't find where they ever disclosed - but it will come out).

If your objective is to reduce your own tax burden, you are in essence confirming they have no valid AP claim.

Search the BP for ADU appraisals to encounter numerous examples.

Financial objective- 100% to 400% cash on cash or don’t do it.  

You've got to remember the home has already been through numerous inspections prior to delivery, so the time it takes to finish is minimal.  

A JV structure is good for a one-off deal because the only commitment you have is to the investor(s) and that individual project or deal.So in part, the answer to your question depends on what your objective is.