Under Alabama law, that is a VERY dangerous play and you could end by losing money.You also cannot sit back and let him build the house and say "Thanks."

Because I haven't been confident on my calculations for ARV & Rehab or How exactly to fill out a contract going about things the CORRECT way. if interested in working together, or even mentoring, giving some advice, or walking me through my first deal would me supper helpful and is very appreciated.

Start researching price to rent ratios in areas and see which area has the best combination of cash flow/place you want to live!

Best,David T. 

Keeping your STR local would be the best case.

Best of luck through the process, let us know how it goes

Worth area is very strong for rentals because of the job market.

Hey Bharath, I actually very much agree with Maranda.

I've been meeting all of my goals by being very active with my listings. 

@Brittney Yang first red flag is it doesn’t sound like he’s that interested in long term holds but the primary reason for partnership is expertise in renovation and secondary reason is balance sheet and income to help get financing.Regarding reason one, I would offer to compensate him for his time in assisting you and have a very clear scope of what that responsibility is.