Just about every time I have been privy to the details of a transaction where one of the parties is unrepresented and the other is, the unrepresented party gets the short end of the stick.

I think the big question is how badly do you want to keep the extra $50k liquid?

.:  Best detailed response I have received.

Details can be found at: https://www.biggerpockets.com/forums/521/topics/1224992-brew...

Does anyone have an example of what a contract should look like and the details in the scope of work?

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

It also allows gives you greater flexibility.Plus, once you flip the home and make a few dollars, you should be able to pay the HELOC to a zero balance as well as having extra funds to throw in your war chest.

This project will likely be acquired as a SPAC, but those details will be determined by the group of investors, if more than one. 

Hi Michael, thank you for the detailed response. 

This is interesting and I look forward to the feedback.But, I don't know if I want extra buoyancy in a hot tub?