The arrangements are that he paid for the property and I am paying his loan plus interest.

I see the invite every week and every week I say I'll re-arrange my schedule to go.

Currently, I'm holding a 10 unit building in a LLC and am contemplating creating an additional LLC to hold the title of a 12 unit.

As a contractor, start with a scope of work statement, materials, labor and expenses (permits, trash, etc).State the partnership arrangement, who is responsible for what, when and time lines.You need to state a purchase price, in whole or for any partial interest.Your estimated sale price and how offers will be accepted (generally at appraised value can be agreed to).

On house#2 - I have a rent-back arrangement with the sellers.

I have been contemplating this question for a while now.  

I'm admittedly not a fan of private REITs because of the fees and illiquidity, but if you really want to go the private REIT route I happen to think Fundrise's fees are more reasonable.I've got some concerns with their business plan and would rather invest in other public mortgage REITs like STWD and LADR, but Ian has dug fairly deep into their fee arrangements.  

This arrangement is also known as an interest-free or principal-only mortgage.47) Equity PartnershipBorrowing money at a set interest rate is cheaper, but when funds are tight a partner can be a better alternative than going into debt.

Once you have a green-light, then you will need to pull the necessary permits to do the work and arrange for the (seemingly endless) parade of inspections as your job progresses.

We talked about a lease-to-own and land contract arrangements.