If they failed to perform, you should have been able to terminate early and/or end your contract without penalty.

@Ryan Rabbitt Did you end up pulling the trigger? 

In the end, the project was completed successfully and sold for a profit.

Hi Aidan, when you first started you can create your partnership agreement per deal depending on what your end goal is for the property. 

So do any of you have any experience with something like this?

Does anyone have any experience with buying and selling in a flood plain?

Please reach out if you are a Houston based broker/agent that has experience working with investors.

I had no idea how hard it was on the back end until I was there.

15% down with no STR experience - you're going to have to pay a price for that.

If it is a high end housing product you may have to use a designer because they have access to some material/finish suppliers that are otherwise unavailable but that tends to only be for the highest end housing deliveries.