Plus partner up with family member usually don't work out as planned.

Just make sure to save all that money you would have spent on rent so you can work out a seller finance deal with your mom, or venture out and get yourself your own property.

I actually have a client who is a contractor himself and he even hires the work out.

You could also ask for their hourly rate (might be around $150/hr) with a Not-To-Exceed limit, and bail if it looks like the feasibility study won't work out before the hours start exceeding your preliminary budget.

Under normal circumstances, CFPB requires 4-month work out period.  

Research, research and work out your numbers.

So if the deal doesn't work out this way, would it work out at a different price, or if rents were different. 

I work out all the expenses, I try and figure out rehab costs, I calculate rent with rentometer.com, the works.

The group are considering a REIT if the legalities workout.

@Carter Thomas you’d have to run the numbers on it, just know that the equity decreases with every year.so they are strictly cash flow properties if they work out.