@Brady D'Hont  I see many investors focus singularly on payment agreements, but the payment terms should be incorporated into a broader agreement that covers insurance, independent contractor status, scope of work, indemnification, parties to the agreement and notice procedures to name a few.

The one wrinkle with the current fact pattern is the fact each of the two townhomes will have a ground level space that is wholly incorporated into the townhome that has the option of being used as an office/commercial space.

I'm Gary, and I have over 25 years of experience in corporate graphics and presentations.

For instance, the following model incorporates interest rate buy-down, a 30% down payment, depreciation, plus maintenance, and vacancy.Important!

If your business has been incorporated less than 3 years, the IRS will allow your sole proprietor experience on your business Employer Identification Number (EIN) application. 

I have an MBA from Portland State and I've been working in corporate finance for a little more than a year.

Here are a few below:Generally, buying through your personal name can reduce the interest rate - commercial rates on LLC mortgages are usually higher but you can research thisMost LLCs on incorporation don’t have any credit so it may be difficult to find. a lenderIf you own the property in your personal name you are exposing yourself to more risk and will want to transfer the property into LLC as soon as you canIf you own property in your personal name and transfer to LLC the lender may not allow or can call the entire loanLLC or personal ownership you need insurance.If you search the forums for this topic using the magnifying glass feature in top right corner of your screen on BiggerPockets you will find a lot of discussion on "Quit Claim" "Buying through LLC", "LLC or not" etc....

I'm thinking of incorporating the layout design where it can easily be converted into multifamily. 

Front Royal is the only incorporated town in Warren County.

When I did it the first time we paid $3000 per house to have photo-realistic renderings made that incorporated all the finish selections we made.