You'll each see the necessity, the value and the costs of the money your partnership needs, and you'll be able to quickly compare your current cost of funds with the market rates.When you can not reach mutual agreement on the value of a service provided, disagreements can be settled by having one person create a proposal he/she believes to be a fair arrangement, then allowing the other partner to choose which side of the proposal to accept providing the service required, or paying for it (from his/her share of the cash flow). 

Finally finding a bank that would work with us and the contract finalized the bank wouldn’t provide a loan due to the building being in such poor condition even after the proposed fixes with a sellers credit.

But I see this changing and people will be selling their backyards..When that legislation was approve those laneway homes jumped 10% and even more.

I would like to move closer to cut down on my commute(at times it can last almost 2 hours if I don't get away early enough from work, its an hour on a good day).My wife and I just got preapproved for a VA loan of $650,000 but will only take out a loan like that if the property can pay for itself.I understand that California has been pushing legislation to encourage homeowners to build an ADU (Accessory Dwelling Unit). 

Hi BP,I recently told a contractor I would like to hire him for a proposed flip to strictly do the work,  have worked with him before and he has a great track record and is a trusted vendor.

@Steven HelminenA lot really depends on the developers building plans, how strategic your property is to that plan, alternative plans, profitability of the proposed development, other options, amount already committed,etc.If you think you have a chance for an outsized pay day, you may want to hire a real estate advisor with the CRE credential to analyze the situation and create a negotiating strategy.

what legislation or rules have you run into? 

Hi BP members, I'm planning to JV a fix&flip deal with a experienced investor, below are the 3 options he is proposing..I'm looking for advice if you are in my shoe, which option you will do without hesitation. 

@Andrew DaigleWhat you propose would be considered prohibited transaction.

My lawyer has already shot down most of my proposed workarounds as well lol (GP/LP structures and the like).