How could I structure a deal in which he is the tenant and partner?

Do you use the county assessor's statement or the property insurance's replacement cost as your COST BASIS for the building/structure of your property?

Normally down here standard inspection covers the standard stuff- structures, plumbing, electrical, appliances etc...and sometimes they would tag on a pest control which typically looks for termites in the attic and around the fascia on the exterior.

Once they started repairing the damage, they found that one of the structural supports was burned on one end, but that meant it had to be completely removed/replaced, and a few other major issues.

I've read more about wholesaling and how it's structured than about sub2 deals and I guess I need to find more good reasources for learning sub2s - how to market for them and how to structure the terms in AZ.I've searched the forums, but it seems like not as much has been posted about sub2 as there is about wholesaling.

Are you in a position where realtors who don’t know how to structure a deal because it’s too involved bring it to you?

I was thinking of a 6 month lease option contract giving the lessee (whether it be me or I can sell the lease option contract to someone else) the right to construct a new structure on the property.

Hedge fund managers can afford to take huge risk as the fee structure is very unfavorable to the client.

The main problem you will encounter in this type of scenario is that the tenants probably are used to living without the usual structures in place.

Now the project details..Project in CA: Existing structure has to be demo'ed and new homes have to be built.