If you want a 'as you go' type of a payment, then break down the tasks to something like, depending on your tasks:demo complete XX$rough electrical and plumbing signed off by building inspector XX$drywall complete, building inspector sign off  XX$paint complete, cabinets installed, BI sign off  XX$final plumbing /electrical BI sign off  XX$final BI sign off on entire project, permit closed  XX$punch list complete, final payment, if done by XX date, $ XX bonus.Just FYI, I work a lot with a specific GC and actually pay him his cost plus 15%, but I also know that they get a good price, not milking it to get more off the 15%. 

The seller is willing to finance with $260k down with an interest only loan type at 5% interest.I'm a newcomer to investing so I dont have any other properties or any major capital saved up to drop 260k as a down payment.

Another way is to see in your area where the big developers are asking for development permits.

CASE # 222-163563Is it legal permitted? 

If you want a phone number, I would look for Building Permits that have been applied for and see if the owner's contact info is on any of them.

That includes zoning, building, permits, sales tax, licensing, and more.

You can do one LLC for many properties or a "series LLC" which is permitted in some states. 

Short answer is "Yes" :) Some listing agents will permit a visit with a GC.

I appreciate the need for a permit etc & can get Pella windows at Lowes etc so can't imagine it being too difficult.

Hi BP members,I am a 22 year old college graduate looking to buy my first home/condominium in New Jersey (why rent from someone when you have the option to buy). My current job pays $90k and I’ve got a little over $20...