I would finance the materials and possibly some or all of the labor (at a competitive rate).The decision what to do with the property would be mine (i.e. hold, flip, etc.).What would be a fair finders fee to give the contractor for identifying the opportunity?

Sounds like it was under false pretenses because you had an oral agreement, but it was a release nonetheless.

He is being talked to now.Does anyone have any tips on how to discourage any or all of these practices?

That means that they know that the possibility exists that they will lose some or all of their money; it goes with the territory.

Doing this, you could then arrange to have your agent rebate some or all of the 3% commission they are going to make when the deal on one of your $25,000 properties finally goes through.If you would be willing to pay the agent for her work in this way, you would have the basis of a wonderful relationship.

or all 20% with a separate with a home equity loan? 

They may do some or all of what you ask them to do, which will make your turnover easier.As for advertising the unit for later availability, it would depend on how you are set up to handle inquiries.  

Most wholesalers fail from inadequate​ education​, planning​, capital and/or persistence.

For lower-income individuals, the rate may be 0% on some or all of the net capital gain.

By law public adjusters can only represent property owners while company adjusters can only represent the insurance company.We can recover settlements for damage, theft or all kinds of other losses sustained at the bank owned property(s) you are buying.In the past, (late 1990s) we represented a couple of lenders directly and did quite well recovering more than 450K in a two year period on about 15 of their properties.