Also being a partner instead of just hired on would give the contractor more incentive to keep renovation costs low because that would increase the amount of equity he would have.

These awesome financial decision are what keep renters poor.

A few things to keep in mind when obtaining an FHA 203(k) loan:1) Improvements paid for with a 203(k) loan must generally be completed by a licensed contractor and are subject to approval by an FHA appraiser as well as oversight by the FHA-approved consultant if it’s the standard loan option.2) You must develop a remodeling plan, schedule, timeline and put it in phases. 

I’m also open to continuing a lucrative partnership, and if we vibe well then let’s keep making money.In exchange, I want to manage the project and design and I have an eye for design, it’s called class, style, perfection!

A pass through tax vehicle like an LLC could create issues in the USA or in Mexico.

Just keep looking for a deal!

Books I have read:- The Book On Estimating Rehab Costs by J Scott- Land lording on AutopilotBooks I own and want to read soon:- The Millionaire Real Estate Investor by Gary Keller-What Every Real Estate Investor Needs to Know about Cash Flow by Frank GallinelliMy question:Im lacking some knowledge as well as trying to understand the metrics investors use to keep track of different types of data both when buying and selling and also down the line for refi and PL spreadsheeting. 

Make sure to keep your formation paperwork (EIN letter, articles of organization, operating agreement) handy - the lender will need those. 

By doing so, from her perspective, if you miss a payment she keeps your 70k and takes the house back so thats really good protection.

@Zeke Nickiei believe partnering is an intermediate to advanced strategystart with a house hack, keep learning from there, and look to partner once you've built up a portfolio / some expertise in somethinggood luck