Making this a little more messy, is that the person asking setting up this arrangement is a family member who has been able to use the space rent-free for several years.

My arrangement with partnering they bring the funds to close and front the reno and I handle all the construction and sale of the property for a 50/50 split of profits, well I guess that's just not good enough for people.

If she's good, she can either provide 12 post dated checks, or arrange to have you paid automatically each month via electronic transfer.

I want him to feel secure with the arrangement as well, so how do we word an agreement so that he also has some certainty that his work will be deemed satisfactory and I can't just say "I don't like it" and break our deal.

I could arrange the meetings remotely but the main problem is that agents will for sure answer to either me or potential buyer with feedbacks like the following quoted ones are (i repeat again: those are assumed verbal feedbacks the RE agent or broker could say to me or to potential buyer - they would prevent the possibility of me coming in the middle of them): "I am not legally allowed to try to sell the RE for different price comparing to the price I clearly stated on our agency's website""There is no way I could mention your name to the potential buyer as owner of the RE if you are not.

I also suppose that if you have a really cheap cost of housing, or some other arrangements (like taking care of a parent in their house for free living),  then it could make sense.I'd be interested in knowing more of your thinking on this. 

But it will work for your legal arrangement.

For this arrangement we will both share 50/50 any flip or rental profits.

If they do give notice during your vacation, arrange with a friend to arrange the cleaning and repairs for the turnover in exchange for whatever that's worth to you (less than the cost of an eviction, I am guessing).2. 

In that case a portfolio or commercial lender might be your only option right now.In the future I strongly recommend you arrange for the Refinance loan prior to purchasing the property.