The remaining amount needed is the cash-to-close portion (up to ~$35k) alongside a first-position hard money lender funding the purchase/rehab.On the lender side, the HML is comfortable with the structure because the deal is being executed with guidance from my mentor/partner Phil, who has a track record of completed flips and is involved in underwriting, scope, and exit planning.

You want to get involved but lack the funds. 

Do you have desire to be hands-on or less involved?

A CPA or tax attorney needs to bless this structure before you do anything.But here's the bigger picture: if your mom wants to help you fund an addition on your primary, there are cleaner ways to do it that don't involve putting her property through a flip.

.- We are actively involved in transactions and see where prices ultimately land because we represent both buyers and sellers.- There is an increase in off-market inventory being marketed.

My post is not directed towards the emotions involved--previous comments have good advice on that.This is more mechanical: whenever the pipes froze and broke, we replaced the copper with PEX. 

As others have rightly stated, you will need partners if you want to get involved without having the cash. 

Dipping your toes in the water would let you gauge your interest in the work involved. 6.

The best studies involve on-site inspection and photographic documentation rather than just plan reviews and assumptions.

The enemy method partly involves researching similar listings in your area to see what others are charging and adjusting your price accordingly.