It would also depend on your "exit strategy" like the comment before said are you going to do an Assignment of contract or fix and flip etc..

Suggestion:- 30% down on purchase/renovation costs (minimum)- 8.5 - 9.5% interest rate- 15 year am"It's just like a contractor doing a job.I can go out and find someone quick to paint my apartment unit for 500 OR I can take some time to find a painter that I can get to work for 75.00 a unit that does a good job.I believe finance is the same way in that there is a bunch of money wanting to lend at rates and conditions that are not attractive to a buyer.So you have to find a lender willing to take less than the majority so you have an advantage.A question I have thought about is would you target one really wealthy investor or a bunch of smaller loan investors??

If I'm concerned about a potentially big issue (structural, mold, etc) that I can't evaluate before I put in the offer, I'll include a 3 day due diligence contingency.But remember, between the time you get your offer accepted and the time all the contracts and addenda are signed by all parties, you have a few days to do your due diligence, get contractors to give bids, etc.

Hello, I am wondering if there is a contract or way to partner on a single deal.

I have heard good reviews about this product: http://www.thereinforcer.com/It's a product that can be installed by the homeowner (or your contractor) and is a huge cost savings over digging along the exterior foundation wall to shore up the wall with fresh brick and mortar.

Now, if he tries to fix an electrical service panel without being a licensed electrician and causes a fire, I can see how he can be held personally liable since he was acting outside his "scope" - he's supposed to be a manager, not a contractor.

But we did find an excellent contractor, an excellent realtor, plus we learned a ton!!

If you are not a contractor yourself, then bring one in and have him bid or ballpark the rehab for a few different finishes depending on the neighborhood (i.e. rent ready, owner occ, high end owner occ) Make sure he is a well respected contractor and then pass his bids to the person buying.

Darrell, I will have my contractor to come back to do the structural repair.

Here's was my Pre-Purchase Checklist when I first started:Upon Contract AcceptanceEnsure Access to Property: * Make Copy of Property Key(s) * Purchase New Lockbox * Place Key(s) in Lockbox and Install at Property (hidden)If Certified Funds are Required for EM: * Get Certified Funds for EM from Bank * Submit Certified Funds to AgentIf Financing the Purchase: * Send Contract to Loan Officer * Provide Loan Officer Property Info * Connect Loan Officer with RE Agent Info * Have Loan Officer Schedule Appraisal * Make sure Loan Officer Knows Anticipated Closing DateDue DiligenceInspections: * Turn On Utilities for Inspection (water, gas, electric) * Schedule Termite Inspection * Schedule Property Inspection * Attend Inspection and Take Notes for “Scope of Work” * Get Final Inspection Report and Review for “Scope of Work” * Get Termite Letter/Pest Inspection ReportContractor Prep: * Create Scope of Work * Create Materials List * Determine Which Contractors Are Needed: * GC * HVAC * Roofer * Electrician * Plumber * Pest/Termite Control * Painter * Landscaper * Carpenter * Schedule GC Walk-Through(s) * Get Contractor QuotesPurchase Decision: * Perform Final Financial Analysis Using Estimates/Quotes * Perform Both Flip and Rental Analysis * Make Go/No-Go Decision on PurchaseUpon Contingency FinalizationFinal Purchase Prep: * Get Closing Date from Lender/Agent * Arrange Landlord Insurance Policy * If Financing, Connect Insurance Agent with Loan Officer * Follow-Up on Appraisal with Lender * Choose a General Contractor * Choose Sub-Contractors (if no GC) * Determine Exit Strategy * Create Rehab Schedule (if no GC) * Create Final BudgetPrior to ClosingFinal Loan and Closing Prep: * Obtain and Review HUD-1 * Obtain and Review GFE (if financing) * Ensure Loan is Ready for Closing (if financing) * Get Certified Funds for Closing * Determine How to Hold Title * Get Partnership Agreement Documents Signed (if partnering)Upon ClosingDay of Closing: * Get Keys * Change Property Tax Records to Home Address * Get GC and Sub Contracts/Docs Signed * Arrange GC and Sub Start Dates