The market is tough right now and it is slim pickings.

The two of us are looking to invest in a property to get us fast tracked to financial freedom but will realistically have a tough time paying 20% down.

He ended up needing to buy more materials because he didn't measure correctly in the beginning.

@Jonathan Satizabal you are in for a tough ride here for sure as most tenants won't have a ton of resources beyond their jobs.

Contractors claim they need these funds for materials, but the reality is they are often using the money to “rob Peter to pay Paul”.

I’ll be sure to keep in contact when those tough questions arise.

While any licensed, insured, bonded contractor is technically allowed to do the work, unless they have been properly educated on the 203k or have vast experience with the 203k, any average contractor will NOT now the paperwork, processes, guidelines, timelines, draw process, change order process, estimate/bid format, different versions of the 203k, and most likely won't have the financials needed to pay for the upfront materials and ongoing expenses, or anything else associated with the 203k and would be basically 'winging it.'

We’re investor focused as well which is a tough thing to find within a team model 

I would recommend offering to pay for the materials but not the labor, you don't want them thinking that they work for you but that they work with you.

Is there some source material on this?