A Deed held in escrow can be challenged if I were a lender, but I think less so under a JV structure.

And the structure cannot be an older style with under-sized studs, beams, headers, etc. 

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As you know, material, labor, and supplies for roofing can change a lot within a matter of weeks / months. 

I'm interested to know how much other house flippers are paying their GC and what type of structure plan they have in place. 

I don't think opening a bank account will be an issue, you can likely open a trust banking account depending on the trust structure (revocable vs. irrevocable). 

I appealed and supplied them with the new photo's, and upgrades.

The unique part is that the duplex is in the city and is on a huge corner lot that is 1/3 of an acre so could potentially hold another structure and the sale also comes with the neighboring lot that is smaller but is also large enough to build a structure.  

For example there are 3 or 4 major utility companies just inside of Fayetteville and it seems like each property has a different structure/utility company.Other expenses = major capex (roofs, plumbing, flooring etc go bad eventually so I would save a monthly amount in a separate account for when these happen). 

Bruce -- what about contesting the assessment of land vs structure?