Basically, you know what you've invested into the home as I assume it is complete?

That’s basically it.

Since I’ve got a full time job, I’ll be starting my RI’ing part time on the weekends.If anyone if Phx wants a cup of coffee, I’d gladly buy just to sit down & learn the basics.

What is the terminology for the vehicle that basically does the same thing?

Basically I do the labor and up keep, help him with cutting and splitting firewood from the land, and cleaning years of trash dumping on it by him; in exchange for ownership of the land in 10 years.

The most basic and logical explanation for something is often correct, but proving it can be a whole other ballgame.

When I meant by borrowing 200k was to buy a fixer upper for cheap (from a whole saler, or off market deal), and use that 200k to basically buy and rehab the house.

It's basically title light and it will give you an idea of lien situation. 

What someone "Tells" you is called hearsay and will not hold up in court.

Today your competing against silly money basically in the MFR space