Appraisal reports are kind of interesting: Comparative sales, city reports, neighborhood reports, project P&L -130 pages of information on this one property.Put utilities into my name, require going into provide company information, slow lines and a few deposits all done.Closing: Signed a million pieces of paper infront of a room full of people.

Sorry for my ignorance however, I must ask this question: Does anyone know the difference between "Purchase Closing Cost" and the "Sale Closing cost (not including commissions)" entries on the "Fix and Flip Analysis & Reporting Tool" in the Bigger Pockets calculators?

But maybe there is a room for negotiation when you can propose to put 60k HELOC money out of your sales processed into an escrow accoun during settlement.

The person on title but not obligated to pay the mortgage is at an advantage relative to the other party, since they can stop the sale, rent, etc, but don't have to make any payments on it.

Not sure if PARC will PM a home that was not their sale, but it is worth checking out. 

thanks for your input @Jon Van how did you determine a fair weekly salary and what percentage he would get after the sale? 

He tells me this is a common "takedown" for this type of sale.  

We do have it up for sale currently.

Yes it's done all the time it's basically a live in flip under those circumstances.That's assuming you mean selling it after a few years once you've captured appreciation.Otherwise you could keep it as a rental and then refinance your equity out to buy a second property.Also worth noting as long as you live in it for 2 years you'll also get the $500k Home Sales Tax Exclusion.It's really just a matter of if you, your wife and one year old want to deal with living through rehabs.

NOOB HERE, Im in desperate need of the purchase and sale agreement as well as the assignment contract for Missouri.