They will grant a court order and the money will come out of his paycheck.Most folks that get prosecuted for tax fraud have a pissed off ex in the background who provides the IRS with enough info to go after them. 

Getting into the neighborhoods on the outskirts of these areas certainly provides some great opportunities.

2.How protected is your money? 

I'd also suggest running some for-rent ads, to see what type of response you get.It's notoriously difficult to accurately predict ARV on these types of properties, because they're so niche, and the market for them is usually completely different than the market for more standard properties...For instance, a lot of lenders won't provide a mortgage on a property for less than $100k--and if that's the case in your area, that would mean that the only potential buyers for the property are cash buyers, which makes selling the property more difficult.  

If you're not satisfied, you can cancel the contract.I highly recommend doing this, as it provides an easy out. 

While I don't know your personal capabilities or background, the objective should not be to merely purchase real estate, it should be to execute on an opportunity where you do right by your capital providers. 

  - I couldn't confirm any of the phone #'s provided. 

It is a very case by case scenario and the two people who could advise you best would be a CPA and/or an asset protection attorney. 

You can use one of the many third party payment providers or have your banker at BofA give you access to ACH debit and you can draft their accounts yourself.

@Brandon Stiles - As the licensed general contactor, you should still have workers compensation insurance of your own because if your subcontractors some how end up with guys on YOUR job site and they get hurt you are still liable.GL and umbrella policy will NOT protect you against workers getting hurt on your site.