Never have the seller perform the repairs in escrow.

Also, a good PM is very aligned with your goals as their ability to operate profitably is very tied the the performance of the properties.

I am a huge New England sports fan, music lover/musician as well as a sport car enthusiast.  

No real construction ability.Partner two is cash poor, fantastic W2 and has contracting ability to perform flip with desire to buy and hold.Am I all messed up here or could it work out like this:Partner one finances down payment and both get leverage.

That said, I still analyze and make sure each of my deals (...in Fort Wayne) work using the 50% rule even though I know they'll perform better than this.Always better to be pleasantly surprised than sorely disappointed.

I may do more depending on speed of the work performed.

I don't perform property tours.

I would immediately instruct your PM to tell him that he is not authorised to perform any work on your property and that in the future he submit a written request if he has a desire to do work.

Hello All,As I continue my research on financing options for a flip I am interested in performing, I seem to be receiving conflicting information as to the timing restrictions should I take out an FHA Loan to finance the property.  

He said the foundation is "performing well, and will for many years to come in its current state".