Weird idea for personal home?

[Justin Mespelt]

I have a random idea and need to be told the problems with it. Here it goes:

I have a 2-5 year timeframe to move to a local commuter community. I have a good chunk of equity in my current home (say $80k). I could get a HELOC giving me access to 80% (say $64k) The hair brained idea is to find the people that operate in that area in either wholesale or flipping, and try to partner with them once they find a property that makes sense numbers wise for him and is a good home for me. Is that too many layers of conflict? It would have to be a partnership with split risk, and obviously would need attorney sign off on everything. But the end goal would be for my partner to make good money, have access to my "private" funding, and for me to get a finished home below market that I had input in the finishes and build.

Now tell me I'm an idiot and why please.