If you can figure out what the seller wants, you’ll have a better shot at creating a win-win deal.

Quote from @Hector Espinosaor Espinosa: Quote from @Jared Smith: I would tell myself to figure out how to buy it if it is close to making sense and don't squabble over an extra couple thousand dollars that you are only paying 20-30% of at close anyways.

If you figure it takes a few thousand to build a new bathroom, but you can charge an extra $50 for that room.

Lots of people on here want to knock concepts like the one you are asking about, but in my experience most of those people haven't even worked through those kinds of companies or bought properties, so focus on the ones who actually have (if you can figure out who that is). 

Have you figured what that would be after your expenses?

I would definitely pull up Excel and do some of your own calculations to figure out how things will look.

Not everyone meets that criteria but there are lots of us investors that are experienced investors with 6 figures to invest who are close to 'accredited' status

I figured I’d go ahead and cancel for next year so I wouldn’t be charged again but continue to use the features.

Can't you come together and figure out a solution where he returns and addresses your concerns and collects the $2K?

What you might consider is finding a partner that has the development capacity, and figure out an equitable development cost and profit split.