My contractor estimates that the home needs about $75,000 in work.

. – A residential lease agreement that is combined with, or is executed concurrently with, an option contract.Option contract or contract. – An option contract for the purchase of property that includes or is combined with, or is executed in conjunction with, a covered lease agreement.?

I'm a hvac contractor and have done rental property maintenance/handyman for years as a business.

I have even thought about getting my general contractors license, just to make things a little easier for me.

Please exclude debt partnership percentage and HML.Lets say I put in 50% and the other party invests 50%, but I do all the work, (find the deal, rehab, use my general contractor, my realtor, etc).

From there, you can structure a solid contract that takes care of your needs in case things do not go according to the statement of work.When I go to a new city, i usually only visit the area about 2-3 times before I bid/win a property, and then 1 a week to check up on contractors.

Most rehabbers that i know don't pull permits for anything other then serious structural work that changes square footage (room additions, expansions) and other new beneficial additions that need to be reflected on the title or public records (new HVAC with ductwork, changes of gas water heater to electric, etc).Hire a good good licensed contractor to give you an unofficial honest opinion for a nominal fee, make notes of everything he says, then hire an official inspector, see what he finds and also point out the things contractor mentioned to discus further.

I have been working with a contractor I satisfied with for 3 homes.

As a buyer, do you negotiate an agreement with the tenant on how to handle the interest (addendum to sales contract?)? Or

You make a valid point and I did think about getting an additional bid but 1) we have a good long history with this guy and he's always been very fair, 2) the hole in the kitchen floor constituted an emergency in my book and 3) with the tornadoes, finding new contractors is a real problem right now.