It's somewhat rare for agents to be knowledgeable in things outside of their daily tasks so the only time I get anywhere is when they genuinely want to pick my brain and sell the place.

If the payment is $1,234,56 your #1 payment is $1,234.56 to the lender and if you did a Carry back of $50,000 @ 4% your Carry Back payment is $238,71 to the sellerThere will be more in Part 2 of Subject To vs Wraps Similarities and Differences Part 2Numbers 5 and 6 of similarity are dubious as a practical matter.A seller can always interplead you (the buyer) in a mortgage foreclosure so you have no protection from a deficiency judgment.From one of your prior posts to me when I took you guys to task about “subject to” you remarked that it’s just numbers.

In return for guidance, I’m willing to take up some tasks that the mentor might consider menial.

This might be your Architects problem.2) Finalize house plans3) Get builder/GC bids4) Estimate soft and other cost not included in builder/GC bids5) Select bank for construction loan6) As part of the construction loan approval, they bank will require a pre-construction appraisal (the estimated value at completion based on plans) and plot plan.7) Once the construction loan is finalized/approved, execute construction contract with builder/GC.8) Apply and receive building permits (hopefully your work on step 1 make this process smooth)9) Build house (This is a huge task, but since you did not break it down, I wont either).10) Finalize construction, receive certificate of occupancy11) Get final utilities installed/connected.12) Market for rent13) Select mortgage broker/bank for permanent financing14) Apply for permanent financing, which will include the final appraisal15) Close permanent financing.16) Done.You mentioned cash out refinance, but this may not be what you meant.

I am the executor of my aunt's estate, who passed away last year, and recently was tasked with selling her home in Arizona.

Also, depending on what exactly you need the attorney to do related to the transaction and where, some of the tasks may involve practice of law and some not. 

The goal was to make it a turn-key vacation rental without the need to return in the future to enhance or fix it.

While the net misreporting percentage is only 5percent for income subject to substantial information reporting, the net misreporting percentagefor certain categories of business income exceeds 50 percent.Requiring comprehensive information reporting on the inflows and outflows of financialaccounts will increase the visibility of gross receipts and deductible expenses to the IRS.Increased visibility of business income will enhance the effectiveness of IRS enforcementmeasures and encourage voluntary compliance.ProposalThis proposal would create a comprehensive financial account information reporting regime.Financial institutions would report data on financial accounts in an information return.

I will be leading the charge on building a scope of work, (if needed) reaching out to my extensive database of subcontractors for quotes/work, making selections/choosing materials, and the main one performing most of the hands-on labor, while teaching him (who has no experience) how to do these tasks.

Of course the contractor could than get draw #2 on day 1 when they arrive with labor and/or materials per the draw schedule which should be part of the contract and itemized out with specific progress payments and what the payments are for (should be based on completion of specific tasks).If you continue your business with these gambles, do not be surprised when you get burned, you have been warned many times in this thread.