Would I pay for all the remodel expenses and then 50/50 split of profits or does contractor pay remodel cost?

This is my first time and I'm buying a fixer upper that needs a new compressor, roof and a total kitchen remodel.

I wouldn't knock down anything, it was suggested that I remodeled the two that I have.

Should this comp as new construction or remodel?

While I haven't remodeled the main house, it's situated in a highly desirable neighborhood.

I see a lot of LL compare their old unit that hasn't been remodeled in 15 years and has delayed maintenance to some newer units.... they create a vacancy but jumping to what they see as market and that vacancy and remodel costs them tons of $$ that takes YEARS to catch up on with that jump to market.

This is 5 mobile homes and one building being remodeled as a storage unit. 4 park owned homes and 1 tenant owned home.

Hey Jessie --what other passive RE models are you referring to?

First, they allow you to make lower payments during lean times, such as during remodeling, vacancies, or when you need to qualify for a loan before completing a renovation.

To remodel your primary home you could access the home's equity to cover the cost of your remodel.