The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.

Basically someone I can offload parts of this project to in lieu of DIYing. 

I use the 50% as a guideline only...basically a sanity check on the more detailed numbers. 

I am attracted to the concept of a hybrid turn-key provider or an operator that would source a wholesale deal, rehab it, and maybe even manage it on my behalf.

Any feedback and insight would be greatly appreciated :)  The crash of 2008 was basically 5 markets.

You hire him based on your confidence that he can do the required job, at your level of quality, in your time frame for a reasonable price.....that's it.If you think its a good idea to hire the desperate and overly friendly, one leg guy on pain meds living on his boat waiting to sail off to wherever he wants, then by all means do it.....no red flags there.....The job you are looking to do sounds pretty basic......so it may be worth a shot....doesn't sound like you will be out of a lot of $$ if it goes southBut I would pay based on the job (not by the hour) and buy the materials myself and only pay as the work is done

Hi Yonah,Many accredited investors FIRST understand take a bunch of single family houses and put them into one building and you have large multifamily.It's a concept they can understand and feel comfortable with right out of the gate.

We are not social workers.You seem to have this Alice in Wonderland notion of business that has never heard of the concept of a bad debt.

The splits are basically the same, basically no split which I like.

Some banks will take a pre-approval letter from a hard money lender.The other option is to find a wealth partner that will basically let you use a bank statement, or a letter from his bank saying $X is in the account.