The buyer chooses the contractor and the lender vets the contractor: looks for the above stated information and also looks into whether there has been complaints against the lender.I was also told that a 3rd party vendor inspects the property and inspects the work to make certain the work is done properly before monies are distributed for the work completed.

The rough part is I that I work 12 pm and don't get home til after 11 pm.

I have never had an issue with it and I even have the buyer obtain homeowners insurance with me as an additional party.

If there were any city or 3rd party inspections for construction, it would be here.Occupancy.

We even have third party inspections in case there is anything we miss. 

As the strategist in putting together deals you must concern yourself with 1) end goals of all parties  2) experience and skill of all parties  3) the fears of all parties  4) the emotional condition of all parties 5) The risk acceptance of all parties 6) the comfort level of all parties and 6) your strength of relationship with all parties.

As for the pet part, I would follow your standard lease option. 

2) From the buyer's perspective who's solicited a seller to sell their property, who's real estate attorney or title co. should be used to carry out the transaction in the best interest of both parties?

I would be more concerned about the parents' willingness to pay repairs when their kid has a party and wrecks the house.

Seth,To fully be 50/50, you will need to get the bank to lend to the LLC, and have all parties as guarantors.