Taking my realtor hat off for this discussion and putting on my investor hat.

This doesn't replace the need for a MSA that will capture additional clauses needed on a Contractor-SubContractor relationship, this is just a project specific form you would use in addition to the MSA (prepared by your Attorney):This template is for informational purposes only and does not constitute legal advice.

Want to discuss this with fellow LPs.

This money gets added onto the back of the loan kind of like a VA funding fee does. 

This agreement is just like a listing agreement when you go list a home, you are hiring the right person for the job, so this is the same type of contract, but this person is hired to find you the right home. 

I have read some articles that say assessments are up about 20 % .

I'd sit down with your $10k Attorney (What's this waste of time's name?

If this is the case then typically you only have to comply when you make alterations.2.

View report*This link comes directly from our calculators, based on information input by the member who posted.I’m considering purchasing two investment condos to help pay for my children’s college tuition in 13 to 15 years.

This is helpful.