I would find out more about the deal (if he has GC... him to provide contractors bid for work w/ license)I would restructure deal and loan about 50k MAX (on this deal)Int rate between 12-15% (depending on his experience)That should get u startedRich

one thought is to hire a PM expressly to rent your home to a qualified tenant and then u take it from there, verifying for yourself that your new residents are in deed well qualified!!    

Let us know what u decide.

Did u find someone..I know someone who can def help you out

\This is a once and a while thing ,but i still need to master it when the occasion comes up,,Building a spec home in L.A would make sense if u could buy the lot right,I have heard the investor should pay no more than 20% of the APR for the lotAny help greatly appreciated,props and congrats to J Scott on his new books,,,,,,,DD in Los Angeles

(not sure why u pointed that out, then stated will skip that)anyways, my estimates are on the conservative side for a full bath remodel, whether small or standard.compare:http://www.nkba.org/Learn/Homeowners/Tips/Remodeling/RealWorldBudgetingForBathroomRemodeling.aspx

Have u asked a potential lender?

@William Robison @Phillip Syrios Account Closedsorry this is a little off topic but what do u guys know about buy and holds in eastern Jackson county?

U DA MAN...LOL 

it turned out to be different than you thought but hey now u have a rental with some cashflow so win.