it is a floating floor and very easy to install. 

I don't know if it is better or worse in other areas, but there are too many stories just like yours floating around regarding the Memphis market. 

So here are the basics of the deal we discussed.50/50 initial investment and fix up costs50/50 profits ( ARV - Initial - Fix Up - Misc.)Buy Out (Coworker only) - 30 days notice, based on projected ARV and % project completion.Pay Back (Me) - Personal equity in full after refinance or sale, Initial + Fix up due 6 months after close, will float profit for 16 months.I would take 1st Lien positionSo my questions:Is this legal?

There is some incredible knowledge floating around these halls!

Then there is the rest of the sea with floating trash that is dead weight that will take you to the bottom.

I have been pleased with vinyl click lock floating floors and think it would perform well in a bath.  

And the title company does cash that check, so you can't float that until closing.

However an idea that has been floated around has been using this as an opportunity to get into the real estate business flipping homes.

We like to go back and visit a few times a year if we can so I have floated the idea of buying something that we could Airbnb during the times we are not there.Does anyone own and Airbnb a property in Dallas?

If you are going into the business you will need the ability to float expenses for months.