Arrange financing, with title company to administer the construction fund.

Go talk to a lawyer, you need to re-arrange this asap. 

We operate between Buffalo and Rochester New York Hi Davidwhat is typical management cost for a duplex. do you arrange renter and maintenance. it would be a long distance investment and need to be secure in case the tings go wrong

I ask because the mentioned arrangement may include my brother and/or my father.  

But after years of working with them we have an arrangement where they camera and identify the dig channels.  

What was your arrangement with the group?

Again, with a PML your arrangement can be whatever the two of you agree to so yes, it's plausible they could defer payments until the unit is rehabbed and refi'd or occupied.

In my experience if you are below what the FHA requires for a loan (580 i think is the minimum) there is usually a way to get your credit score above that threshold in a time frame similar to similar to finding a home that is in your cash budget and then getting a loan, most likely at a very high interest rate if your credit score is still low, to fix it up.If you have a little cash on hand, and you have a 3 or more collections on your credit report, you can easily bump your score by 25-50 points by offering the collection agencies pay for delete arrangements.

There is an exemption in the Code that allows for reasonable compensation for management  found here IRS Code §4975(d) and/or Department of Labor PTE 96-62.   2)any contract, or reasonable arrangement, made with a disqualified person for office space, or legal, accounting, or other services necessary for the establishment or operation of the plan, if no more than reasonablecompensation is paid therefor;The key is operaration and reasonable fee. 

Do you have any lessons learned over the past year that you could share about this arrangement?