The image below shows our "product" (foreground bags, triple wrapped in 6Mil and double taped) compared to the industry common "rope off the property, put plastic down, get in your space suit,  and blast away with sledge hammers... and collect $20K" debris dump.

For example, I did both, bought 1980s SFR, tile roofs, stucco exterior, 3-4 BR/3 BA, nice B- class stuff, good cash flow, foreclosures for ~$100k ... put ~$10k in remodel/repairs, ARV around $150k in 2010, at the peak those same houses were going for $400k, and today they are up to maybe $250k ... this gives you some idea of the dynamics... those that bought at peak got hammered, those like me that bought towards the bottom did well, buying today you may do ok if you score a great deal, but probably not paying retail for turnkey.

However, if the thought of swinging a hammer just brings up images of bruised thumbs, then maybe not the best way to go (or is this just me).

Unless you are actually out there swinging the hammer, building a home will usually cost you more than buying existing.

So ill take that advice and try to hammer back the price a bit.

For example, buying a property might sounds good, but if you don't like swinging a hammer or managing maintenance people, then it might not be for suitable for you.

Not only that but there's a hundred other guys trying to do the same thing.Rehabbing it yourself is expensive in that it eats up your time, you'll still have to hire a helper who may or may not flake out on you or steal all your tools and unless you have a lot of experience it's gonna look amateur.You may not be able to foresee problems that an experienced GC would spot a mile away.I'm no stranger to swinging a hammer, trust me, but on this property I just acquired I have a GC handling the whole thing.

The $10K towards capex would be split evenly between the two of us.I believe there are still some items that need to be hammered out, but does this sound like a poor arrangement (it seems like it is off a bit to me).

Hi Account ClosedWelcome to BiggerPockets.The only other article on BP that I'm aware of is this one (with no replies):https://www.biggerpockets.com/forums/92/topics/228...I see you're from Fort McMurray where market has been hammered lately because of the low price of oil.Actually most parts of Canada have been highly affected economically with the added problem of high real estate property values.I'm curious why you are considering an investment with this company, and in a highly overvalued market? 

It seems like everyone who knows what a hammer does, is trying to flip a house or a contract.