Invest in Bonds? 

I also seen properties that was sold Bond for Deed (Louisiana term).

I would:- search any recommended contractor to confirm that they are licensed, insured and bonded- ask for references and photos from past jobs... contact the references to verify for yourself!

I see we share a common bond.

As it relates to termite inspection/prevention, would it make sense to purchase a termite bond.

Going this route can mean posting a bond for the balance due, or escrowing payments in arrears or covering expenses and doing so within a time limit prior to sale.

Remember that a GC is just a person who has worked in the construction industry long enough, has a bond and insurance, and has passed the test to get a state-issued general contractor license - but that license has literally nothing to do with their ability or desire to FINISH your project. 

@Steven Bond thanks for the tips!

Citizens of Puerto Rico were sold their own islands bonds as retirement and many lost their life savings.

Once a lengthy court case was involved.