Talk to your planning and building dept to understand their timing to process your permits and the costs associated with plan check AND the utility fees to extend them to raw land (impact, connection, tap, meter fees) 4. talk to builders to get their per SF costs for new construction, lead times to pull permits and schedule construction and length / duration to build it. 5.

She ends up paying for his attorney fees to fight her in court, her own attorney, spousal support for half of the duration of the marriage as well as having to sell a portion of her real estate to pay him off, as part of the settlement.

Most have a minimum duration like 3 month at 12-15%....

So we failed to deliver on schedule, but I'm glad that we will still hit our pref even for the extended duration.  

thanks Alex Franks,Yes the repair time its my concern because while I was down there for vacation I did a walk in into the property with a handyman that calculated a $25,000 and a work duration of 4 to 6 months.

I think it's pretty typical for short term durations, however not as typical for long durations where the seller is becoming your permanent new tenant.Your specific state should have a specific leaseback form, so I'd recommend starting there. 

Have an agreed upon schedule beforehand, not just a duration.

Double my money with interest annualized 15% interest for the duration of the rehab until sold.Contingencies:The property needs to completed within 30-45 days, put on the market, and sold by 60 daysMy solo 401 K is the second lien on the property.The property if not sold within 60 days the GC shall sell the house to me for the negotiated purchase price of $ 270,000.00 Property to carry umbrella policy to replace man-made and natural calamities.Should the cost overruns increase the lender's equity will proportionally increase.Is this a win-win for both parties if the deal goes south if the GC doesn't keep his end of the bargain of completing the project within 45 days and not sell in 60 days?

And how about Duration?

XXII.LEASES: Seller shall, not less than fifteen days prior to closing, furnish to Buyer copies of all written leases and estoppel letters from each tenant (if any) specifying the nature and duration of said tenant's occupancy, rental rates and advanced rent and security deposits paid by tenant.