I am waiting for insurance money to repair the fire damaged property.Can anyone suggest a way that a JV could be implemented in order for me to get:1) $350k upfront for my venture,2) get value for the insurance for the repairs3) after repairs sell the property pay off the mortgage and split the profit and give the investor about $200k for the $350k investment (plus repair cost)Just to want to know if there is a legal mechanism to do this.

I think your insurance might be a little low.  

. $300 cash flow post 5% vacancy, 10% capex included, PMI deduction, water, tax, and insurance. 

Also make sure you take into account your insurance costs, if they are monthly or you pay per 3 or 6 month period. 

I'm guessing the balance is around $130-140, assuming you've been paying the taxes and providing proof of insurance.  

One of the first things i request all my Foreign national clients to do is attain a tax ID Number and a government issued document bearing a photograph.

reputable company is more like an insurance for the follow up service in case tech screw up in field. referral is likely the best option, just need to search who you have in the area.

Hello ALL,I just received my Real Estate License (AGAIN-first one in 2004) in the State of Florida 2 weeks ago but have been performing commercial property inspections for insurance underwriters for over 10 years.  

Try to only show vacant units, and often times we're asked to be the "insurance inspector" or someone like that.

After you close on an improved property, get an insurance policy that will protect you if there is a covered loss.The harder you work, the better you will probably do.