Only one of these methods involves "saving" money, and most BP users don't pay enough attention to it. 

Hey Randy, I'm glad to connect and discuss potential ways to get involved and learn about real estate investing through flipping.

We painted the outside, cleaned up the backyard, changed the fireplace, changed kitchen countertops and backsplash, added accent wallks.

@Roger Garner the strategy will really depend on what level of involvement you want in the project.

. - which I suspect you're already inclined to do.You can also investigate various methods of pipe replacement / renewal that involve trenchless technologies, such as pipe lining, pipe bursting, or directional drilling.

.: Quote from @JD Martin: What I would probably do is just set up an LLC or Trust involving your kids such that the property and benefits were owned and distributed by the laws/rules governing the LLC or Trust.

Additionally, E&O will become problematic when you sell your own real estate and view it as a conflict, especially when you are involved with the development team.

Quote from @Andrew Syrios: Welcome to KC Leo, I would definitely recommend getting involved in MAREI, the real estate investor association here. 

Just bear in mind that trips to Maui involve 'discretionary' funds...A few more things to think about during your due diligence. 1.

Do you understand the expenses and regulations involved?