Even if he is, I’d still try and stay away from a partnership as they tend to go south more often than north in my experience.....unless its someone you’ve worked with before and have history with.If you want to incent your contractor - give him some skin in the game- think about a bonus for finishing on time/early and/or helping you achieve a certain sale price.  

Like was mentioned above you need to make sure he has skin in the game.

It's very typical for a hotel management company to invest sliver equity into a hotel deal to get the management contract and to have some skin in the game (5-10%).  

I trust an investment with more people with skin in the game.My properties have been in Atlanta but that market is basically done now.

Not sure if I have enough skin on my bones (never mind the game) for that...

It's very rare you'll ever see 100% LTV. 99.99999999% of lenders require you have skin in the game.

If you learn lesson number one, you will ensure that even though you have NO skin in the game, you will in future only look for / buy - BARGAINS!

So those may be first to (again) walk away and default due to little to no skin in the game.

   @Rick Pozos I agree with you, there is many ways to skin the real estate cat no doubt!!

So they still have skin in the game.