I appreciate the info @Percy N.

Thank you Ashish for your thorough reply and including the IRS Form info.

It might help you out if you're a hammer swinger type guy who can produce workmen like quality results versus homeowner DIY results.Someone who has been in this business for awhile , and brings a lot more knowledge , and contacts to the deal we'll have a lot better chance at performing a turn around on the property then to someone who is new and inexperienced. 

Yes realtors, feel free to ask and i will give you their contact info.

The crowd here needs more info on your current financial standing to really give you a road map for success.  

Rogelio,I would check with a local Title Company to ask generally what they have seen in the past.Check with an insurance agent, even specifically the borrower's insurance agent, as to required terms.Finally, armed with that info: work with an attorney to draw up ironclad docs.My 2 cents,Mike 

That way almost all of the people contacting you are looking to move and serious.2.

I have a client who wants a contractor's info incase he finds a property he can give them a call and get a quote.

Yes realtors, feel free to ask and i will give you their contact info.

Sometimes they’ll ask for contractor info and proposed construction plans.