I've managed to educate myself on a lot of topics.Are all bids treated equally within the first 10 days?

Banks in our area treat modular the same as stick-built.Doublewides or singlewides are more difficult to finance.

I would focus your energy on finding those people and treating them very well.

This is how they would like treat a 1 unit.

I feel as though if you decide to take the investment, that it should be treated seperately from his contracting work on the property, partly for documentation purposes, but also so everyone has clear expectations to responsibilities.I agree that having a stake in the deal would most likely motivate him to pay extra care to work quality and deadlines, but im not sure if you will be able to necessarily get a better deal on repairs from conflict of interest; as an investor he makes more from cheaper rehab, but as a contractor that's his work income.OTOH, if this makes him more motivated to come up with creative/alternative methods for cutting costs, that would help both sides of his profit margins.Is this something you need to make the deal, or just exploring for possible benefits?

It also depends on whether you're treating it as an investment that you'll occupy for a year or treating it as your residence.

I was really getting tired of people treating the end of the grace period as the due date anyway.

Since you are not sure as to the amount of work/effort/value you'll each be bringing to the project, but you think they might be comparable, I'd say treat that as the same between the two of you for the first flip and you can adjust it on future flips if necessary.

You have to have a thick skin, and always treat them kindly.

I'd spend the bulk of your time there trying to get to know the promoters and how their existing investors have been treated in past investments.