You can insure against this.A partner/principal can be bonded against other risks, non-performance for any reason, like disability, criminal acts, bankruptcy, or just bad management, that may be expensive and not worth the arrangement, so you would have risks.IMO, knowing very successful builders and developers, about the only way to guarantee any promise is by pledging assets, other assets to attach in the event things don't work, and at a value sufficient to cover the obligation after the collateral is secured and sold.

I work in the Home Performance industry as a contractor, we upgrade homes utilizing building science and focus on health, safety, building durability, energy efficiency and comfort.

BC money, or in this case, your private money) are in already escrow and “guaranteed” to perform.

I was very upset with hes performance. they are on the job site for only couple of hours a day and sometimes not even there.

That's his poker face.....

I would definitely approach this situation as if you were contracting with a contractor to perform the work.

I feel that this bedrock foundation of ensuring complete satisfaction with all parties involved in any transaction I perform will ultimately result in a reputation that can't be beat.I am glad to be a member here at BiggerPockets and I cannot wait to contribute and network with everyone here.

What has the property done in performing the last 6 to 12 months??

There's no one to really hold accountable for performance except a seller, a seller who probably has a financing contingency.

I have asked the tenant to run the water to see if it improves, but i also plan on going by and doing as you suggested with the water hose to flush the water heater. it appears to not be "too old", but i will need to keep an eye on the performence.