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.

Flippers who know what they're doing would be all over these.The emphasis is on the "who KNOW what the're doing".

I was wondering if anyone knows exactly how the mechanics of this site work regarding my profile location verses the states in which I want to market.

I rate this property as a C/C-.The home is very old (Pre-1900) and the photos suggest a property that may be sound mechanically but certainly not finished well or pleasant inside.

They are doing a good job of training, but I want to find a book, site, forum, etc that covers the mechanics of all the paperwork from listing to closing.

But my lack of long term market understanding lead to over extension on my personal buy-and-hold properties. 2008 destroyed me as 95% of my tenants decided they no longer needed to pay... and some even decided that they were entitled to my mechanical systems and metal materials like plumbing and wiring... one even burned down a multi-family building.

Those look like some pretty large floor plates looking at the picture, and you did say they currently have 4 apartments on the 2nd floor.So you are looking at building out the 3rd, 4th floor at least, I am assuming to have a similar layout to the lower floors to have all your mechanicals lined up.

However, the people moving to the community without ties are teachers (we had a bunch retire these last few years), an attorney, medical professional, mechanic, manager of assisted living facility, restaurant owner, carpenter, etc. on top of those other professions. 

I am looking to trade my skills as a handy man/ ASE certified mechanic for a few hours a week in investing knowledge.

Still need to verify other details, but what I know is this:- Client has declared bankruptcy- Client has a Mechanics lien on house for 16k- Client owes bank 900k, and house (not yet verified thoroughly) is appraised at 550k- The appraisal is before client leaves house, which will have some further damage to it