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In this video tutorial, the speaker discusses the process of hiring subcontractors for investment property repairs or rehabilitation, as an alternative to employing a general contractor. Key concerns include ensuring clear communication and preventing misunderstandings that could lead to wasted money or misclassification of subcontractors as employees by the IRS. The speaker introduces a straightforward independent contractor agreement that has been refined over the years, emphasizing its simplicity and effectiveness for use with subcontractors. The purpose is to clarify roles and responsibilities in order to facilitate a successful working relationship.