I know this because we partied at his house all the time.

The process that I've seen usually involves the project manager creating the punch list, coordinating multiple bids for the work, coordinating with the GC on timelines and being the go-to communication person for both parties. 

Normally I would think bring in a 3rd party such as another contractor or an inspector but in the case of a contractor I feel like a lot of contractors trash other contractors work, so this may not be helpful and an inspector may not know enough about foundation work for example to know between good and bad quality work.

Given that it is a related party I do not see any benefit going through the motions of the sale.

I think the most intimidating part is not knowing what I don't know.

The best part is that you're not required to put down a large payment or pay higher interest and you're not dealing with a bank.My only concern would be what happens if you decide not to live there.

@Mysonne Johnson, I'm an investor in NY, getting my license because:I get to dig into the treasure trove called the MLS, having an in-depth look in there beats any property cards being handed down to me by a third party, my analysis is sharper and I can easily pivot without having to go and bother anybody for 25 more different types of searches.When I have a property to sell, aka post rehab, I save my bottom line an extra 3%, that's not small money considering the cost of inventory in NY.its a very small price to pay for a serious investor.

@Jay Y.No idea who phelps.com is, but call the SBA as opposed to going off these 3rd party sites.

When you use third party collectors who do not give you PCI compliance, you are subject to charge backs for which you have not control over. 

The part is not on the truck, so he has to visit the hardware store (and stand in a socially distanced line for 30 minutes while waiting to get in), then drive back to the property to install it.