I’m completely new to fix and flip but I have been doing some research, I’ve been looking at distressed properties in my area for example one I’m looking at now the listing price is $359k Arv is $550k the contractor fee would be $33k without materials I’ve been looking at fix and flip loans saying they would finance 90% LTC and 100% rehab .

One thing that helped me when I started was getting super familiar with the local market and building a network of reliable folks (like other investors and contractors) who could make the process a lot smoother.Feel free to reach out if you have questions about investing in Michigan or want to compare notes.Best, Travis

You have to be in the area and know what you're doing and have the contractor who will get things done right. 

As a general contractor, I have a strong understanding of the buying, selling, and financing processes, which gives me an edge in evaluating and improving properties.

I would rather manage my own for all of those reasons but I am concerned about the difficulty of contractors and other services in such a small area.

The advice I give to my clients who are first-time borrowers is to have three people alongside you as you start your path with fix and flips: a realtor, a general contractor, and a lender. 

How can I structure the contract or investor payout terms to ensure they feel secure and confident in receiving a solid ROI?

I need a general contractor in order move forward on my plans to flip, as well as becoming better informed on the what, how and why of the processes incumbent in flipping.   

The only time you would have to prove it is your personal residence if you got audited.Driver's license, voting registration, passport etc all prove residence. 

They communicate with a general contractor so they are confident in what their rehab cost will be.