In terms of compensation, I'm planning on having this structure (I got this from J Scott website/book): Milestone #1: 10% paid when these documents are signedMilestone #2: 20% paid after the first day of work is successfully completedMilestone #3: 30% paid after half the work is completedMilestone #4: 30% paid after substantial completion of the projectMilestone #5: 10% paid two weeks after substantial completion of the projectThanks in advance

and yes you can hire a VA for $5-$10/hr but what Michael didn't say, either from neglecting to point it out or from inexperience is you have to train that VA, which sucks if you have never done it. the logical thing he left out as well  and obviously didn't do the math is he said you can get a VA for $5-$10/hour.. well with REIV you pay $8.96/hr but get a whole team working around the clock and don't have to worry about doing time sheets, milestones, etc..and the $5-$10/hr he states would take a few of these VA's he is referring to, to get what the team at REIV does.Let's talk about the lists, my response since joining REIV is impressive.

There will be an initial deposit, progress payments tied to milestones, and a final payment upon project completion and satisfactory inspection.3.

The nature of a 203K is that the contractor must float the materials and labor to specific milestones to get paid. 

Another milestone reached!

@Lavish Edwards Congratulations on such a big milestone!

Since you want to evict and not foreclose, structure the transaction in such a way so your tenant buyer cannot ever reach either 5 years or 20%, but has to completely cash you out before either of those milestones are reached.

When your GC is on the phone asking about something you can both be looking at the same reference.Set key milestones - post demo, reframing, etc, etc and make sure you are there to sign off before it moves to the next stage.Only you will have your vision and best interests in mind.Good Luck.

Many of us understand at certain times in the beginning you have to do your own work to get started, build cash and equity You have passed that milestone a long time back.

Co-marketing can build you into that milestone to connect with more buyers.