Liz has extensive knowledge in financing, appraising, construction, marketing as well as her greatest attribute is creating systems to maximize time, quality and monetary constraints to ensure efficiencies on all levels.

Regardless of what I had, I felt more comfortable with the construction business.  

When we have someone move into one of our new constructions before their loan is ready ( to accommodate them not having to live in a hotel) we then have them release EM and sign rental agreement. but even that's a risk because if they holed up it could take 90 days to get them out. as you probably know suing someone is very time consuming and expensive.. would it not be best to just resell.

I haven't done a construction project over here yet, only minor rehab and rent.

And the family/Friend will be putting up all the money for purchase and construction costs.Is there any specific way to structure a deal like this?  

I am a construction manager that has built 11 hotels in NYC.

I want to live there and do most of the work myself considering my construction background and possibly sell it in a year.  

I have seen a lot of their rehabbed homes but the construction work was usually not very high quality.  

The full pro forma will identify your construction costs, allow people to identify risks, and hopefully will encourage your stakeholders to see what you see-- while acknowledging that the asset is currently underperforming.

It's what I use for my own businesses as well as multiple real estate and construction clients.