I own my own business but it hasn't generated income yet as it is relatively new.

It will involve months of coding, as I want an intelligent database that will automate 95-98% of my lead generation, through the use of scripts.

Here in Houston gurus, new investors, old investors, established investors all talk about the 70% rule and how in order to get a profit the "numbers" is what matters.

We had originally thought that Bob could lien the property for the construction costs, but, the profit will be directly related to what they end up selling the property for, which is usually an unknown until the final hour.  

If it is just the business and not buying a building or the land beneath it then it is not generally a real estate licensed activity.You need to check for each state what is or is not required.You could go on a site like Rocket Lawyer etc. and for a nominal fee ask the question.In commercial real estate transactions you can generally have consulting and other fees on the HUD-1 as RESPA does not typically apply.To look for more businesses you could look at bizbuysell.com  Sellers typically want 3 times gross profit earnings so if 100k a year after expenses they want 300,000.

The problem you may encounter is this will eat into your profits given the small scale.I know what mean about the challenge of going after a "turnaround project" that is remote...  

But They seemed to specialize in providing funding through private investors which states they will take 1.65% of every profit on each investment.

It is in a desirable neighborhood and according to comps, has the ability to generate positive cash flow.

I believe we pay him $500/mo plus a portion of profits from deals but I'm not 100% sure on that.

I aim for my equity to make a penny per dollar per month, and my portfolio comes pretty close to that (as we got better at this our later house buys were more profitable than the first stuff).