My friend will do all of the work with the house, gaining 65-70% on monthly profits and I, 30-35%.

So, if all goes well we will have about $35k in profit.  

Quick question: If you have a financier willing to assist you in purchasing a property what are the main statistics that I should provide to them to prove that the property would be a smart and  profitable deal?

My first contractor did the juicy/profitable larger items in the scope of work and then stopped.

I’m interviewing contractors in Hampton Roads, Virginia, and one of them said their structure with other investors is they charge a 10% (of profit) as a Project Management fee.

I’m interviewing contractors in Hampton Roads, Virginia, and one of them said their structure with other investors is they charge a 10% (of profit) as a Project Management fee.

I’m interviewing contractors in Hampton Roads, Virginia, and one of them said their structure with other investors is they charge a fee of 10% (of profit) as a Project Management fee.

I feel like it is a great deal and could possibly add to selling our house we are just nervous of being stuck with it and it being a money pit rather then a profitable deal.

They redeem and pay you for taxes plus interest plus insurance plus value of repairs and you make a profit.

Most of the "profit", I believe, is made when you initially purchase it.