HOW TO MAKE PROFIT WHEN USING PRIVATE/HARD LENDER?

[Clifton Prescod]

Hey there! 

I found something that may be a good deal. The owners father passed, shes the exec/poa. They owe $165k on a reverse mort. She wants $190 to be able to move out to a new place.

Im no pro at rehab estimates but id say a good $80k/$100k is needed in rehab. the block is undergoing gentrification but she doesnt want to sell it to a typical old wig investor. The homes on the immediate block are on average valued at $363K. Homes that were sold recently averaged $160k on surrounding blocks (the particular block this home sits on is a sought after block. An investor had bought up 5 of the 13 homes on the block and resold or renting them out.

ok so, I dont have money like that but the seller wants to work with me exclusively. I really want to flip this home because I feel I could really make it great on this desirable block (maybe that the newbie in me). 

1)Do you think i should pursue this property? 

2) Should I go for a private/hard lender since I dont have the capital personally?

3) What percentage of return is good when dealing with PL/HL's?

and if you have any advice or something let me know.