How much money is paid to GP’s for work done?

Quote from @Erik Estrada: You are better off saving the money, as 15-20% down is the norm for investment property financing.

I told him I didn't want to make my tenants pay more money but he insisted on it.

I told him I didn't want to make my tenants pay more money but he insisted on it.

I lend Hard Money, Fix n Flip, DSCR, and Bridge mainly on the investor side.

For a bathroom or kitchenette, the biggest factor is plumbing...if a water line is close, your in the money,  if not, costs jump.Best approach for now?

Your purchase price of 215k would be a bit higher which could cause you to lose money on the property.We have flipped a bunch and notice that even as a broker trying to be conservative in our ARV estimate, can still sometimes be too high by 5% (worst case 10%) in some cases. 

I spent time and money to finally lock in one deal, which didn't sell until 2024.

He doesn’t even need the money; he just wants to give back / pay forward. “ . 

Personally, I would keep the property but I don't know your situation and if you could better use the money elsewhere.