Wife & I are in the infancy stage. 

When he dies other family members would likely have rights to the house and they may not want to continue with your arrangement.

Is it an attractive arrangement when a contractor would pay for all rehab costs (per investors plan) on a property an investor buys, to give first refusal option to contractor to buy the house at ARV minus the rehab costs?

Is it an attractive arrangement when a contractor would pay for all rehab costs (per investors plan) on a property an investor buys, to give first refusal option to contractor to buy the house at ARV minus the rehab costs?

Once you narrow it down to a few houses, then get your agent to arrange a showing.

[Of course, getting a (replacement) loan at the Refi stage is a new Loan, new terms].

Most people will use different lenders for the flip stage than for the refinance stage.

Maybe you arrange and handle the management of the property. 

So you call him and arrange to meet him at a coffee shop with an envelope of cash.

During my research stage I got lucky and the property price got reduced to 229k!