Hi Kana - I think it depends on your budget of course.

For example, you might agree to a 70/30 or 60/40 split, depending on his level of involvement.

Quote from @Treza Edwards: I would be looking at this as a market-dependent change.

Based on how many people have moved here from other states (specifically California, Oregon, Washington, and then a few areas like NY/NJ) along with the amount of redevelopment projects and the chip factory that was put in - I think there will be further appreciation for the foreseeable future.Will Phoenix economy be depended on this chip factory?

AND, your son will be at the mercy of the SELLER and dependent on the SELLER's good choices for the life of the loan.

Just depends upon the situation I guess! 

It varies, but when retainage exists that will drive up the cash to continue to advance the project because borrower won't be receiving draw releases equal to their outlay. 

Hi Eric,Great question—estimating operating expenses can definitely be tricky, especially for items like maintenance, CapEx, and make-ready costs that vary widely between properties.

At any rate it is possible, but depending on your appraisal it could be a gamble

I have a couple STR investors do this here in the winter months depending on the events coming to town