So if you put up $50k and your buddies each put up $25k, you would own 50%, they would each own 25%.If someone is bringing more experience or higher level of involvement (say one of you is a General Contractor, or a Realtor), they may get compensation for doing that job, or they may get more ownership than strictly dividing up per the capital contribution schedule.

Does a home inspection come first before a contractor to estimate repair costs?

He knows all the contacts for private lenders and how to structure deals, good contractors, etc, and will let me take over the process while guiding me.

Learned much about dealing with contractors and hidden problems in the home since the house was built in 1954.Look forward to learning more with you guys and hope to make working and personal relationships within this community.

I was working on a rehab in January/February and turned the heat down to 50 when I wasn't there and back up to 70 when I was there.I had one of the contractors who was doing drywall work open a window while he was working (to let out the dust) and he didn't close it.

do indirect laborers from the contractor have to meet the 60 days requirement along with 20 days preliminary notice to the owner for filing a valid lien?

How is Mesa, AZ a good candidate beyond having a contractor relationship, and being cheaper than your own area?

Steve, My knowledge of properties in NYC is very limited, but with what I do know and have observed personally (I used to tag along with my Uncle - he's a construction contractor) on buildings with age like you have throughout New York, it is very important to check for leaks, as well as foundational issues.

Do you know if taking a detailed walk through video would be sufficient for a contractor to do a rough estimate?

Past references are best - check them out just as you would when hiring a nanny for your children or a contractor to improve your house.