In order to do this, you'll need to work with an attorney to properly navigate the successful and legal execution in accordance with your particular state.

@Dave Holland unless the property was placed into service prior to the rehab taking place.

Many sellers have backed out at closing (legally bound or not) once they see the money they could have made on their own.

Many sellers have backed out at closing (legally bound or not) once they see the money they could have made on their own. 

I am a 28 year old service member in the Navy. 

If I don't deliver, you have my fee to compensate you for the cost of my delay.For all the contractors out there that are going to jump on me, I have language in the contract to protect me from delays beyond my control.To me, anyone paid on a percentage basis for anything they do, is either underpaid or over paid for for the service they provide.

I've used a company named Metro Property Services for a few years now, and they are great.

Even if you screw up placing a tenant, and want to be rid of it.... just hire an eviction service and move on.  

I'm starting a rehab project and need a few more sub-contractors, who service the Dallas/Fort Worth (DFW) area, to complete my team for it. 

From my understanding these are SEC rules and what most RE crowdfunding, startup crowdfunding, and third-party verification services (ex: verifyinvestor) all use.