Never get involved in any type of deal where someone else has control of decisions and your cash.

Then, when attorneys get involved the situation destroys your entire world around you and now you are going down a very long road for recovery.

The main lesson I learned was to try to do less of the physical work on the rehab because the job slowed down when I got involved and could have been completed faster if I allowed professionals to do the work.

We have backup options for funding so the deal doesn't fall through, but it would be more profitable for everyone involved if we can source Debt from the bank as planned - we've secured very good terms contingent on our LTV. 

you might also get your real estate agents involved. 

Realtors are knowledgeable about contract law and title issues and it makes sense to have them involved if you aren't 100% sure you know what you're doing.  

That being said, STR is a whole different game than LTR, and usually involve a lot more work or a larger expense to pay people to do the work.

I'll be involved with the build but I need to get realistic new build numbers going.  

I would try to have a discussion directly with the owner, rather than involving realtors.

Some of these policies can be issued on a 3 month or 6 month basis.Be clear to the agent(s) that are quoting this for you what the nature of the work involves.