Wow...this structure is heavily tilted in favor of the sponsor.  

Although I am not completely opposed to renovation I am looking for something a bit more turnkey which I can add value to through non structural improvements.

Offer Making- Properly structuring offers and submitting them Sales/Negotiations- The best deals are created through effective negotiationI hope this helps you Jay. 

As he said, I think you need to be careful how you structure this to make sure they are protected as much as possible.

Just wondering what certifications were needed after flipping a house such as electrical, structural, plumbing, etc. that must be met before you can sell the home?

If, for example, a good friend of yours owned a property, and he needed $13k to rehab it, you can absolutely lend him the money to rehab the property and structure the terms and repayment however you like (subject to local and federal law of course).

It's set up so that an "Incorporation Specialist" handles your account, and I have never spoken with an attorney (although my accounting firm did speak with Garrett Sutton to get his recommendation on how to structure everything before we proceeded).

I've *visited* some older homes - a couple from around 1900 - but I didn't own them or live in them.The first thing that comes to mind is structural problems, like with the foundation or basic framing.  147 years is a long time for frost, water, wood rot, termites, etc to do their thing. 

The biggest factor/ unknown will be the support underneath which I will have a structural engineer take a look at.THE GOODI am quite sure I could offer low 30's for the property and he would accept. 

They are structured so that if you produce they get paid and if you don't produce you pay them.