Or is it a predetermined amount that I will be told at some point during this process? 

Additionally, unless you have title, are a licensed contractor, or have some legal stake in the property, you can not legally perform work on a home you don’t own.If you structured this as a lease option where you recorded your option, you could then make the repairs, have a predetermined price to pay the owner and keep the difference when it sells.

I have been listening to the podcasts and reading every book I can get my hands on, so I will admit that this post is partly to start the clock and give me some accountability as I move forward, but I am honestly also looking for some guidance as I look to start connecting with the right team.Here is the short of it: I work part-time with a military unit which has a built-in network of regular travelers with a predetermined number of travel rates and days per year. 

This is where it can be beneficial in having a relationship with a realtor in which a predetermined structure has been established to benefit both parties when observing deals that are considered to be off market.  

The other things built into the LLC are predetermined values if a partner wants out, and provisions for the partners heirs to either stay in the partnership or be cashed out, their choice.

There is also a complicated option of buying into an LLC and be allocated X% interest in the LLC on a pre-determined formula. 

Syndications are often structured so that the invested $ gets a preferred return, then the remaining profits are split by a predetermined amount between the General Partner (Local in this case) and the Limited Partner (Investor in this case).

Cashflow is split at some pre-determined rate (sometimes 100% to the finance partner) until a pre-determined payback amount is achieved and then the partnership is finished. 

Typically in predetermined amounts on a consistent timeline.

They'll let it sit for a pre-determined period of time before lowering the price.