I worked two days and had two rooms looking,  well, the home sold and I received a bonus...I am working on my own flips to gain capital for rentals. 

BONUS 3rd thing!

Although I would clarify that by saying you can only take out half of your VESTED balance, meaning if your husband is not fully vested (usually a 5 year employment period) and your husbands company has made contributions (matching/bonuses) then you will only be able to take 50% of your VESTED balance out up to $50,000.  

It's now an 8.5 Cap on my total purchase price and the value has increased from $10.6M to just under $15M. 1) If you are confident that you are in the path of future infill development and can see a 3% spread over your 1st mortgage rate, then it sounds like a no brainer. 2) If you are confident that you can fill the suites at market rents then vacant suites are actually a bonus, IMHO.

Something to keep the contractor motivated would be a bonus of x% upon completion by a certain date.

Proof of funds will separate you from most wannabe investors.If you really want to get them motivated - offer a bonus on the purchase in exchange for a discount on the listing.

The new density bonuses will not be free for the developers, but must be purchased by "cashing in" these credits; one credit for every "one more" dwelling unit up to the new limit.

The main reason being that if you need to replace them it will be much easier if you build a system instead of relying on someone's specific talents.As for rates, I've heard they generally run $4-8 per hour, which is apparently a good wage in the Philippines, and of course you could offer bonuses and commissions to sweeten the deal for them.

I am but the "money man" - earning a fixed return plus bonus points; my flipper (who is also a broker associate) gets to keep the majority spoils, but also assumes the risk of mis-estimating repair costs, time-to-fix, days on market, and everything which cuts into his eventual profits (without affecting mine).  

Bonus points if you have done this in any of the following metro areas:Philadelphia, Pittsburgh, Louisville, Chicago, Richmond, Hartford/Central Connecticut