For older properties you definitely need to put more aside, if maintenance hasn't been performed appropriately in the past.

Buying notes in pre-foreclosure as a means of a payoff with the borrower's request.Saying non-performing takes in several stages, slow-pays, delinquent, defaults and stale notes.

For one you do not want a PM company with divided interests as sometimes they lose focus and performance results suffer.Secondly their experience is in the residential side.

Well, that assumes that the money partner has the ability, time, and knowledge to do all of that.For all things being equal, IF the funding partner has no time, no desire, no skill, and no experience to perform any of the duties associated with finding and managing a rehab flip deal, and the other party takes 100% of that on, then I think it is common ground to arrive at a 50% split each.From there, you can make adjustments and edits as one party made add or bring more to the table.

I would have the contractor give you an acceptable proposal, execute a contract that includes progress payments (draw schedules) and performance timelines.

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Thus, as one might expect, there are a lot of sub-par performers in this field.

Past performance is no predictor of the future !

Include cost, description of work and who performed it.

They would not need to mass market if they had quality deals because there would be enough local interest to absorb as many deals as they could find.The old saying goes "if you sit down to a game of poker and you don't know who the chump is... you are the chump."