Has anyone had experience with this and are there investors out there interested in this Joint venture flipping arrangement?

Is anyone familiar with this type of arrangement? 

Investors with ready cash and/or pre-arranged relationships with lenders get the best deals.

From a GC perspective, I’d be open to a profit-split arrangement, but I would want my direct project costs (labor, materials, subcontractors) recovered once the work is completed or at sale/lease stabilization.

Before moving forward, I would also confirm local zoning and landlord-tenant laws to ensure the manager arrangement complies with state and county regulations.

Could you also share more about the mentorship arrangement?

That extra cash flow might make the hold math work while the minors grow up and can decide what to do with it themselves.Another option is a lease-option or rent-to-own arrangement if you have a family friend or buyer who might want to purchase down the road.

It sounds like you are interested in House Hacking, and co living arrangements.

However, then when I find the definition of "single-family dwelling units," it says that "a single-family dwelling unit consists of one or more rooms which are arranged, designed or used as living quarters for one family including up to one unrelated adult, or two or fewer unrelated adults and their children and/or grandchildren.”

I'd recommend a JV or partnership type of arrangement that doesn't have a strict repayment timeframe.