Seeking flip/private investor advice!

[Garrett Gahn]

Hi BP nation!

I would really appreciate some guidance on a current deal that I am trying to work out for my mother. She has acquired a property passed down from my grandfather that is fully paid off but has been left in absolute terrible condition from the previous tenants. Her initial thought is to fix and flip and apply the profit to another rental/airbnb property closer to where she lives and can manage easier. I may also advise her to simply rent the current property after the rehab. 

I want to take this completely off her plate and manage the entire deal for her. I am not after any personal financial gain.. the experience alone would be where the value resides with me. With that said, I have a potentially great network of private capital investors in the form of friends and clients over the years that I believe would have capital to invest into a deal with the right numbers. 

My question is this.. (finally).. What is the best deal structure for private investors if we are to fix and flip the property but have no capital of our own for the rehab? Is this usually in the form of a loan for the rehab costs, or a split in the profits after the house is sold?  

Thank you!! 

G