The beauty of private money - it is all negotiable. payments or no payments, equity or debt, to share or not to share profit, points, rate, term.

What are you trying to accomplish? 

Push to have the rehab accomplished in less than 60 days, and rent each unit for 725-750/month.

While this is the case, it is imperative that we formulate our version of success to accomplish our objectives.Understand that this is not an easy question and hope it will provoke some thoughts.

I asked him if he would be willing to take $200K for the beautiful home he has.

That's the beauty of doing ongoing business with trusted *partners* - if they make an error (it costs more to repair than anticipated), they are willing to accept responsibility and complete the deal (thus not impacting their partners) even if it means less profit for them.

Maaaan that's beautiful.

I can't tell you how to structure the deal so you can defraud the lender you will be using (I don't wish to put any licensing at risk), but, I'm sure there is a way to accomplish your goals if you were to structure this correctly, now, that you know what the problems are, that you are going to face.

@Fay Chen Claremont is so beautiful though, I miss it over there!

House is now done and beautiful and on the market but my agent is telling me that in order to sell I need to include:1. a buyers walk-thru punch list repair at/near closing2. warranty from me for the first year of ownership3. a purchased "2-10" warranty for the house, which I'm told is about $5kThese are things I didn't know about and wasn't necessarily planning for since it was going to be a rehab.