Nevertheless, in response to commenters' requests, the final rule provides a non-exclusive list of methods that issuers may use to satisfy the verification requirement for individual investors.The methods described in the final rule include the following: Reviewing copies of any IRS form that reports the income of the purchaser and obtaining a written representation that the purchaser will likely continue to earn the necessary income in the current year.

I suggest you start out with a 50/50 work/capital structure. 50% goes to whoever does everything, and 50% goes to whoever puts up the money.

The more I learn about different ways to structure deals, the more I'm realizing the limitless possibilities there are to be creative.

Most rehabbers that i know don't pull permits for anything other then serious structural work that changes square footage (room additions, expansions) and other new beneficial additions that need to be reflected on the title or public records (new HVAC with ductwork, changes of gas water heater to electric, etc).Hire a good good licensed contractor to give you an unofficial honest opinion for a nominal fee, make notes of everything he says, then hire an official inspector, see what he finds and also point out the things contractor mentioned to discus further.

What methods are you using to find deals in your market?

I bought the property for 30K.So get up-skilled in more methods of negotiation.

You may want to structure your agreements with contractors to include incentives.

I'm wondering if anyone from SE MI can recommend a home inspector that is also a structural engineer or foundation expert.

Specifically, you should ask about the line "Are there any physical deficiencies or adverse conditions that affect the livability, soundness, or structural integrity of the property?"

Structural repair, including putting in a damn floor joist - $4200.