Thanksgiving dinners will be awfully tuff sitting at the dinner table with your lender, who you owe a lot of money to.As others have said, don’t mix business and family.

@Julian Pilate-Hutcherson We work almost exclusively with OOS investors and it's a mixed bag...I sold 3 MF properties this month to folks that have never been to the state...and I have another set of clients that have been in the market for months and make routine visits to the city...I think it has a lot to do with comfort-level...truth told, we can leverage technology and get every possible detail on the table for review to make a pretty informed buy/pass decision...combined with an inspection and appraisal, there is really no need to be here in person looking at deals....

Initially we thought that might just make things easier if we're refinancing every 5 years, but if 30-yr fixed are on the table that changes things.

Straight mortgage 30 year but since I knew I wasn’t going to keep it I negotiated a higher interest rate for less money down and buyer credits at the table which saved $1000s How did you add value to the deal?

The property itself is fairly unique with a lot of great features so I am not too concerned (hence why I am acquiring it).

For instance, if you are looking for an owner occupied multi family find an agent that has gone through the process with a client and been through the different aspects that are unique to buying that kind of property.

Something you might consider is taking a look at your strength and weaknesses, I did that and partnered up with someone who brought those things I didn't have to the table. found a mentor,  And a carpenter,  I wasn't a Carpenter, so building things wasn't in my forte, I had a friend that was. 

There are hundreds of different tables available with ACS data.

Adjacent to the kitchen is eat -in space for breakfast, and a spacious dining room fit for a large table and buffet.

Essentially, you will be giving away all profit.Unless your contractor is bringing something else to the table, I would never consider giving him an equity stake.