Buying notes in pre-foreclosure as a means of a payoff with the borrower's request.Saying non-performing takes in several stages, slow-pays, delinquent, defaults and stale notes.

For one you do not want a PM company with divided interests as sometimes they lose focus and performance results suffer.Secondly their experience is in the residential side.

Well, that assumes that the money partner has the ability, time, and knowledge to do all of that.For all things being equal, IF the funding partner has no time, no desire, no skill, and no experience to perform any of the duties associated with finding and managing a rehab flip deal, and the other party takes 100% of that on, then I think it is common ground to arrive at a 50% split each.From there, you can make adjustments and edits as one party made add or bring more to the table.

I would have the contractor give you an acceptable proposal, execute a contract that includes progress payments (draw schedules) and performance timelines.

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Thus, as one might expect, there are a lot of sub-par performers in this field.

Past performance is no predictor of the future !

Include cost, description of work and who performed it.

I focus on performing to semi-performing properties as they trade at much higher prices and thus my return for the time spent is way, way higher.Many are looking for the best return, in the least amount of time possible, with the least amount of work.

However, if you agree to a job and you're compensated for it than you need to perform to the best of your abilities, as I'm sure Adam did in completing that project.