We figure we could always sell it if the line of credit didn't work out. 

There are some formulas that look good on paper but don't work out in reality.

I’m on their list locally and actually want to buy stuff from them if the numbers do work out but often don’t. 

So in conclusion, maybe if the persons income looks good, and they seem like decent people, you can take a chance on them and it'll work out alright! 

See if you can work out a compromise.

There is more than enough work out there that pays very well we dont have to .

I'll get my GC license and sub the work out myself.

The same can be said for opportunity costs of tying up your own money as it can't be used for other investments while the project is ongoing.On the other hand, the contractor needs to feed his family, so probably cannot wait to get paid at the end of the project, so maybe work out progress payments along the way, or factor into your timeline his other projects.All of this needs to be very, very clearly spelled out in your agreement so there are no misunderstandings.Good luck!

Have a trial period  if they don't work out. it's your house.

Seattle area. when it comes to assigning Contracts somewhere I can't travel to, how does that work out?