Ideally, I’d be securing and managing all aspects of the financing and he would only focus on the construction aspect.

. §1.165-9(b)Property converted from personal use(1) If property purchased or constructed by the taxpayer for use as his personal residence is, prior to its sale, rented or otherwise appropriated to income-producing purposes and is used for such purposes up to the time of its sale, a loss sustained on the sale of the property shall be allowed as a deduction under section 165(a).(2) The loss allowed under this paragraph upon the sale of the property shall be the excess of the adjusted basis prescribed in § 1.1011-1 for determining loss over the amount realized from the sale.

In our day-to-day we run a local construction company (roofing and exteriors), so it's very rare that we come across a property that will scare us off from a rehab standpoint.  

I purchased the park for $125K, putting 25K down and financing the rest with a local bank.When I put it under contract, there were 15 trailers in the park, each paying monthly while they worked energy and construction jobs in the area.

My day job is owner of a construction company, roofing specifically.

I want to start partnering more and I am curious about different constructs.

I have no money to bring to the table, but I have no problem providing sweat equity and I'm also about to become a certified residential home inspector.

Since I was 16 I have done construction on some form (roofer, electrical, siding, windows etc).

I used to study architecture but I found out I like the role of developer more in the entire real estate/construction process.

Interesting approach they’re taking, but makes sense with new construction and existing home prices being so close.