Really what I am trying to figure out is what is the ratio of value for the various things that different partners would bring to the table like: down payment, long term management, rehab labor, acting as contractor for rehab but not doing the work yourself.

Going over maps of known repairs with contractors showed that there were a few houses where people tried to have piers installed and ran out of money before hitting stable soil, others in the hyper local area did have to go to 100+ ft.  

For further context, we are trying to have him be the name on the loan because he would be able to utilize his first time home buyer loan to take advantage of the lowered offered interest rate.

My first impression is that your numbers in the current economic climate seem a little rosy.I also have friends that are builders and I try to stay in touch with them on costs as we mostly do "to the studs" renovations when we buy a place. 

I'm happy to answer any questions you might have if it's your first time trying to work with a CPA.

Prop 33 is trying to get the exemption on rent control of SFR removed.  

Trump tried and failed.

Trying to decide what is next as we scale.  

I would try to portion that off as a separate loan that can be paid back quickly - you'd need to discuss your plan with the PML.

lol not sure what I am getting into this year but always looking. really trying to grow the unit count. i probably won't do a flip.