When you have your daughter few states away from you, over 10 hours drive one way then I'll reconsider your input. 

I advised him to reconsider the deal because no Toyota Corolla should be 29,000 out the door it should have been more like 21,000.

I would reconsider how realistic that is.

I think if you let them know this they may reconsider going to court.

We are reconsidering this model to gain more equity/cash at the opening of the houses.The idea is to set up a fund or entity to sell shares and fund the acquisition, remodeling, and furnishing of the project with.

Division of Profit (or Loss):At project end, whether from sale to a third party or resulting from a permanent ownership change between Parents and Me, the following items will be settled in the order listed below.Remaining monthly salary due to MeParent's mortgage gets paid offParents’s project costs (plus interest if applicable) get reimbursedThe first $100,000 of profit is split 30% to Me and 70% to Parents <-- (Their insistence)All remaining profit is given to Parents until they are reimbursed for their original equity, then the remaining profit is split 50/50 between Parents and Me.Questions for Discussion:What aspects of this deal do I need to reconsider or develop further?

I would reconsider other markets with higher returns.

What you''re considering is an immigrant tradition- To pool family money to help a new immigrant purchase a home. 

I have 3 family/friend potential lenders but they are the type that don’t see the potential in real estate, but I know 2/3 would reconsider if they seen it done first hand. 

I was in the market to buy/ house hack in Nashville earlier this year and have reconsidered with everything going on in the world.