aligning incentives- How to structure a flip team

[Brett K.]

I don't have a handyman bone in my body and I have no interest in learning that side of the business.

I've found a great contractor and I'm trying to figure out how to align our interests for future projects.

He bid this job and I can tell he's knocking himself out keep costs down and do a terrific job. I want to keep him around and keep him happy. I prefer to work out a relationship where his interests are aligned with mine... that is keeping costs down, creating value, and maximizing my resale profits.

As it is, even a good GC (honest, talented, etc.) has to worry about his own profit incentive first.... then the property owner's .

I put this guy in business by loaning him the start up money. He does great work and knows how to think on his feet. Should I bring him in-house, that is make him an employee and pay him hourly/salary and give him a bonus when the property sells, or is there a good way to arrange a relationship with a GC to keep my profits in mind too?

Thanks
BK