In this case you have positive levered and lower down payment makes sense. 

Quote from @July Maggard: Hey everyone,I’ve been driving for dollars and finding a lot of distressed/vacant properties in Schulkill County, PA.

There really is no standard, this is part of the reason it's so hard to find good contractors. 

Thats why as a contractor we provide the customer with a detailed contract stating the payment terms and the scope of work . 

One more tip – people remember stories that trigger their emotions.

Originally posted by Account Closed1) https://www.youtube.com/result...2) https://www.youtube.com/result...a simple google will find details on tax strategies for RE investors, just find a good local CPA who can work with you and is knowledgeable.  

It is going to be much more detailed and realistic than a spreadsheet in my opinion.

Of course that would make me even more skeptical. 

I'd be more than happy to chat with you about this. 

I will also have an in-person meeting with them to get more details on the project on January 12th.