I assume you meant, regardless whether the person named in the note actually lends their own money, it's still owed to them because the agreement is binding. 

The reality is that you need a lot of time and money up front to get your project started and you need to really work on building your credibility.

No, they don't want us to lose money, they just want to make sure we make no money!

I agree that with one property you can just use OTA pricing tools.  5 mins a day for adjusting and you will save money and do it yourself.

Purchase price: $130,000 Cash invested: $9,000 Sale price: $185,000 I did not have the knowledge then to keep the property and pull money out to complete renovations to another property we purchased a year after this one that required a complete overhaul.

Again, I used my parents but this time only as lenders of part of the money for the down payment.

I spent a lot of time and money to learn how to structure seller financing deals.

And you spend all that money on updating it will be for not.

If I need by some chance I need extra money I can fund it with money from my side business.

So i bought a home back in September 2022 in Kansas City Mo with 7.37% interest and I remodeled the home by putting a 2nd full kitchen and remodel the main bathroom almost putting close to $30k I have a remaining balance left of $275k in loan, I had to relocate to Dallas due to unexpected job transfers in 2024 May such a short notice didn’t want to put the MO home back on the market and loose money.