Less than 1/4 of the cost, but labor intensive and you'd better know what you're doing.Obviously, I could go into more detail about the remodel work I did, as this required a lot of forethought as well.

I am open to both options as long as the numbers work out.

I'm not 100% clear on how that would work out.

When I`m out of RE, I love to just relax with a good book or on summer have some water workout.

If that does not work out there are other options i can help you evaluate.IF you want to find out more on your options reach out to me.  

I'm a DIYer trying to switch gears and hire the work out.  

I misspoke, but It doesn't work out to a 12% to 17%.

Overall looks pretty good - Paint is probably high due to removal of wall paper and wall prep its labor intensive to remove wall paper.

You will surely have to work out some type of arrangement on how the money partner will recoup their down payment funds. 

I bet there are cleaner sub2 deals with these terms in your market.I'd recommend he pursue the bankruptcy and stay in touch with him if he doesn't get an equitable workout.