Just keep it simple with this...

It’s $50 and super simple.

It is a long term goal of mine to operate in a Northeast/ Mountain market at some point once I establish my brand more in Texas.

So, the KISS (Keep It Simple Stupid) principle applies.

We are considering doing a 50/50 partnership where he will provide the management/operations and I would provide the down payment.

Another reason why if you cannot operate locally, you probably won't be able to succeed wholesaling remote. 

The standard to apply is quite simple: Did you accurately disclose the character of the down payment funds to the lender in the loan application?

For this particular property, I went to see it today and the conversion appears to be a rather simple project of moving a door.

Have your attorney send your contractor a letter explaining your dissatisfaction, any legal, ethical, or moral violations his operating methods result in, and making him an offer BELOW your “target” amountbest of luck I have an attorney that I considered speaking with on this matter, but I’m not sure that he specializes in things like this.

Kevin, my investment properties are held in a 3 tier structure: operating LLC - Holding LLC - Living Trust.Hope this helps.