And Bruno ( the attorney was like an uncle to me) And he would always tell me the way to financial success in RE is to learn the courthouse..

classic scam.to the OP  google Ingrid Robinson /  American greed   / Remington financial she took those guys down and its worth watching how they work.. the foreigners are on to it.. so anything with even slightly bad English is a huge red flag and 100% fraud.this guy looks more Russian than Kiwi to me.. 

Payment Terms & Renovation LoansA financial agreement is the backbone of any contract.

This approach will help minimize the potential financial risks associated with renovations and working with contractors.

Keep learning and assessing your financial position as you grow.Good luck!

A piece of advise if he lays hands on you or your son immediately go to court and see if it qualifies for a peace order or similar. 

My end goal is to have financial freedom in 10 years or less by bringing in $10k/month.

On the other hand, investing in some repairs (if financially feasible) might significantly increase the property's market value.Remember, each property is unique, and what works for one might not work for another.

They have the financial wherewithal to purchase a hope (and most do). 

How often will you see financials?