First time flip

[Wes Kolpek]

I'm 26 years old and looking to do my first flip.  I have been around real estate investing for a few years now.  I have worked part time doing property management and flipping with a family friend who has been investing for 10+ years.  I have currently left my job and started working with him wholesaling here in our market and I bring properties to investors.  I have found a property that I want to flip but will be bringing no money to the deal.  As I have a great mentor and I do have a large group of investors here in the area who are very helpful, I want to reach out on here to get as much feedback as I can.  I have a list of about 5 people who I want to ask to be a private investor.  What is the best way to go about asking? What all should I have prepared to bring to them so they know I can do this?  I have done a complete detailed walk through of the property and have already got a detailed breakdown of supplies needed.  What else should I have prepared?  The only exit strategy I have is to sell the house for what the investor invested and I would walk away with nothing after doing the work.  Should I ask for more than what I think the estimated repair costs are so if I run into something unexpected? Any feedback would be great, just try to keep your replies simply worded as I am still all new to this and still studying the real estate language. Thanks guys!