Make sure if you buy a new toilet bowl that the depth is correct size for the wall of your bathroom and also that the toilet has a smooth coating on the inside of the bowl so that waste goes down easily and does not clog.A friend of mine that owns a 140 unit complex started putting in the cheapest bowls that did not have the smooth coating and the smaller opening and plumber and maintenance calls to unclog went through the roof.

Structurally sound - although it needs the porch torn off and replaced.

Find out too, what compensation the negotiator is charging, as some structure it so the buyer has to pay this fee.

I bet you’re not crazy about this one anymore than your partner would be about managing for free.3)Understand that you should have agreed upon a management fee structure up front and accept you’re partner’s terms as those you would likely have agreed upon anyway.

If so, how did you end up structuring it?

In addition, they may have different ideas on the capital structure, ownership structure, investment structure or other structural issues.

I suggest you start out with a 50/50 work/capital structure. 50% goes to whoever does everything, and 50% goes to whoever puts up the money.

The more I learn about different ways to structure deals, the more I'm realizing the limitless possibilities there are to be creative.

Most rehabbers that i know don't pull permits for anything other then serious structural work that changes square footage (room additions, expansions) and other new beneficial additions that need to be reflected on the title or public records (new HVAC with ductwork, changes of gas water heater to electric, etc).Hire a good good licensed contractor to give you an unofficial honest opinion for a nominal fee, make notes of everything he says, then hire an official inspector, see what he finds and also point out the things contractor mentioned to discus further.

You may want to structure your agreements with contractors to include incentives.