In exchange, I have first rights to sell the property through a power of attorney. once it sold, the seller get his agreed price, and I get the rest.

Back then, the market was more stable, interest rates were below 4.5%, and distressed properties sold at significant discounts.Today, distressed properties often sell at a premium, and cash-out refinance rates are above 8%.The best BRRRR deal I can find today involves buying a property with cash, investing in the rehab with cash, pulling out 75% of the ARV and breaking even on rent and mortgage.

NET 30), etc. and you can use this project-specific agreement as an addendum for individual jobs.Final Tip: Treat the contract as a transparent, collaborative tool to set expectations, not as a "gotcha" document.

did half the flip work, sold with new walls and new electric/plumbing.

Having before & after pictures is a string tool when dealing with HMLs and real estate agents to gain business. 

Use such credit as a tool though, not as a crutch. 

Capital gains taxes if the property is sold, although there may be exemptions if it’s their primary residence.2.

I just sold a house like that that I was using for an STR.  

When the house eventually sold, I contacted the buyers agent and explained it to him so he could be the hero with his clients and show them how they could save a bundle on their property taxes by appealing and getting that corrected!

I owned for 37 years, raised the rent many times, and later sold for 6X what I paid.