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You say

I code you an MVP specifically based on the specs(without any iterations)

and then

Once I'm done and you're happy you pay me the rest($700)

Are there actually customers out their who are happy with the product after a single iteration (no matter how good the specs are)?

Seems to me the choices are either: Built to spec, pay me when done

or

Pay me when you're happy. Multiple iterations may be required.

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I don't want to rad on your idea, as I see what you're saying but MVP's should be, by their nature, a minimalistic approach to your product which you plan on extending down the road as you gather feedback and validate your ideas through your customers. That being said, when you have a vision of your MVP in your head, as it's minimal you can clearly go in depth with who you want certain parts of the app to work; For instance, if you strip down a lot of features(like you would with an MVP) you're left with a few core features with which you can specifically jot down how you want them to work to the point where you can say(for instance, for upvoting articles) I want it to send an AJAX request, etc. I hope that clarify's the point I'm trying to make.

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