Joseph Ask the seller to carry the financing.

A big advantage of real estate is your risk drops quickly as your knowledge increases. 

thanks Better yet, let the investor pay for the property and pay for materials and pay carrying costs while you manage and do the contracting side.

Thanks Ask the seller to carry the note (owner financing) for a short period of time while you find other permanent financing.

I’m an insurance broker who works in all 50 states and I see far too often people, and RE investors especially, do not have their liability separated out correctly to mitigate their personal risk..Over and over I get the same types of questions when insuring a portfolio (of any size) from people who do notnfIlly understand the lIabIlIty they are exposed to..What questIons do you often have about where your liability extends to or what you’re exposed to?

Why would you invest for 2% to 4% with risks of damages, nonpayment of rent, etc. when you can do the same with zero risk CD's?

Personally, if you have funded the JV and argued e fronting those costs, I think 50/50 is skewed towards the contractor, because he isn't assuming any financial risk.

Seller wants 250k down, 130k annually, and will carry the note for 20 yrs. 

Even your most honorable contractor runs the risk of becoming crooked when you pay him/her for work not done.He should have had 50% of the Money for 75%of the work done.

But when it does become a problem, the bulk of the risk is really on the lender, not the borrower.