If you need financial help, ask under the "Finance, Tax, and Legal" forum.

What is the legal process,  or the ABC to do when asking for private money from individual and private hard money lender?  

Hi, looking to see if anyone here has partnered with Estate legal services partnership program.

Quote from @John Mason: @AlanGreat , I will have the network in a  few months so will look at itIDK what state your in, but it may be to your advantage to see all of the requirements and law surrounding contractors and contracts.

He sent me a contract which if I sign will pay him a fee of 3% of the money secured. 

Active = Income earned from Material Participation.Whether that's SMB, W-2, contract income, or prof real estate.This is income where ordinary tax is paid and losses offset other income.

Still unclear if we can rezone to 3-unit, but it seems that in that area we cannot have 3-family properties...In case we can't rezone to 3-unit, what are the legal options available for the 3rd unit? 

Ever try reading a legal statute?

Before contracting on the lot, you should check with the local municipality to verify building requirements, current code requirements, list of required documents, surveys, soil tests, engineered plans, etc.Once you have identified your lot and finalized your estimate its time to build.You or your GC will get the permits.For the final build, there are 2 ways to build, as either a cost plus, or fixed price project.Hope this helps, let me know if you have additional questions.

Now you're operating a triplex, essentially, with 2 income-bearing units, even though the street might be zoned for SFH only, and it's totally legal (assuming appropriate setback etc etc).