I sense that you might be wanting your Contractor to be vested in your enterprise, and you seem to be trying to "hedge your bets" a bit, but, will your Contractor agree to 50/50 in any LOSS too?

If he's agreeable to this, betting he will be, we can refinance his current loan and I will assume half the loan responsibility.

I may add that to my list of things to do. hi jerry,i have bid and purchased a few houses just based on pics , so that's not new to me. but the houses in our area are almost cookie cutter houses and i know how much it would take worst case. i bet your area is a lot different. :)in addition, our houses are in 5 miles radius and i can get to any of them within 20 mins with traffic..you really have to have systems (help) if you are going to take a long vacation. you have to have google voice, an assistant if they have to show the place, a crew/handyman that can access the keys from a lock box and STILL.... it's stressful because it's your property and those people can "flake out" at any point.but you have to train them and you do it by saying "i am going for 3 weeks, you are dealing with everything"... they might surprise you!!

I appreciate the "I BET THIS NEVER HAPPENED TO ANYONE ON HERE" sense of humor - because of course, there are countless threads already on BP asking very much the same question/s*.

LLC is best bet.

Cash for keys seems like your best bet.

One way to interpret the data is that high household debt indicates negative pressure and an inability for people to pay their other obligations.Mortgage is the 3rd most popular form of debt.

So fast forward to the past year, I finally found a decent job working field sales for a popular energy and solar panel company which i am proud to be a part of, but at the end of the day it's still a job title where I have supervision, have little to no freedom, and little reward. 

I think your best bet is reaching out to a property manager.

Last week I asked what your highest rent was, and that proved to be a very popular topic with 136 replies so far.https://www.biggerpockets.com/forums/311/topics/40...So Im curious now what your lowest rent is.My lowest is $1250 on a 2 br/2ba condo in Frederick MD.Go