Therein lies the debate I suppose are 1% rule properties in CA "almost non-existent" or "fairly easy to find in a number of markets"?  

Taking it off the back-end sounds more than fair.  

Fairly standard in the industry, we do it as well.

Being a fair distance form the assets you seek to acquire this can be a challenge with many hidden surprises.

If you have a property manager you would be able to rent a mobile home fairly easy! 

7 Stunning Qualities That Make Memphis One of a Kind....It is no secret that the owner of a company called Memphis Invest would love the city, but Memphis also bears the brunt of its fair share of knocks.  

4th Question) General question about partnerships - What have you found is a fair division of equity/profits/losses?

They would only lend up to a certain percentage of the fair market value of the property, that way in the event of default, the hard money lender would profit handsomely if they had to foreclose or sell to an end buyer.

My builds are fairly quick and have been completed in 2-3 months.  

Although some of the work seemed fair there were other parts that were crazy high.