Look like members nailed it for the OP. :)

This answer hits the nail on the head.Mainly the rule that you must meet BOTH requirements.

Achi Adamit Pretty much nailed it.

As @Ali Boone recommended, I would nail down the "why" behind your investment decision and map that into your specific goals first.

The best thing you can do is nail down a very hard, written scope of work (plus plans if you're doing any kind of layout changes, even moving a sink from 'here' to 'there') and then bid the job out to a couple of different contractors. 

Japanese culture is really strong and the saying "the nail that sticks out gets pounded" applies.

I'd bet daddy was there then too, so his guarantee may not really mean much.Without more specific details. this isn't an investor deal, more like charity with risks of getting nailed in financing and tax matters.

I don't know if this matters but the leak was due to the constructor penetrating the pipe with a nail that was used to hold up the dry wall.

Jerry beat me, didn't see his post, and as usual he nailed it IMO.Kevin, it doesn't really work out that way as the 1st lien holder must give notices.

. ($3) Note, if you have no curtain rods, the tenant will nail up their own and may nail into your nice wood casing!