It just seems like the cash purchase as outlined above is way too simple.

GIS Maps Show the actual property attached to the Parcel Number including Property Outline, Building Structure Sq Feet, Assessed Land Value, Assessed Building Value, etc.... but still no STREET Address...just the parcel number. 

Had the attorney draft a JV agreement as well to outline all of the issues, if something goes wrong as well as the percentage. 

The rest of us will sign a trust agreement that outlines our interest in the property.

Here are the steps outlined to really begin taking action:1.

If you do have a discussion, follow up with an email outlining your discussion. 

I'm too lazy to deal with it, but it could be a good opportunity to use the strategy I outlined above.

Your post isn't entirely clear as to who "we" are, but you need either a partnership agreement or a promissory note/deed of trust agreement, either of which can be drawn up by an attorney based on the parameters you outline.  

The 1099 form is for businesses" "Independent contractors are temporary workers that provide goods or services to another company under specified terms outlined in a contract, such as an Independent Contractor Agreement.My big question is:  Since these contractors were coming to my personal home to do work for my wife and I, and we are not a house flipping business, do I send them 1099's?......

I plan on putting together highly detailed project books (details of the purchase, budget, cost expenditures, before and after photos, and sale details like DOM vs average area DOM, sale price as a % of ARV, etc.).  2) Is there a better way to do this investment than I have outlined above?