I am fairly certain that the attorney would have caught that mistake in Illinois, but in Indiana there isn't a 3rd party checking things over. 

All parties involve made a profit and also we learn a lot about different ways of raising money.

That’s a new one for meThere's an old South Park episode where there's a meteor shower party and Stan is stuck in the basement with a bunch of annoying kids he refers to as Melvins. 

Having family involved sounds great but project managing can be daunting and I would pay a 3rd party person to ensure things are truly done correctly if you are trying to find affordable contractors. 

@Matthew Sipes To have a valid real estate contract: must be in writing, signed by all parties, and valuable consideration.

If they sell, both parties most-likely lose.

There may be local legislation to consider on this as well and worth verifying, and I would consider making other parties aware of these cameras  in use right away.

And I guess that part is concerning to me.

Once I move out, I will be adding a 4th bedroom and the property will cashflow about $400 a month.The best part is that the appraised value is came in $100K over what I paid for it so I will be quickly turning around to refi, wipe my PMI off the loan and then pull a HELOC to use for future investments.

You have to remember that real estate leads are mostly garbage so the analysis part is the key, which you may have working.