Look for some of those to go in as an LP (limited partner) and learn and grow your knowledge, skills and investment money so you'll be ready for the next accredited deal. 

Pairing that with relationship-building will help you uncover off-market opportunities and find local experts who can guide you.For meetups, here are a few ideas:Indianapolis Real Estate Investors Association (Indy REIA): They have a mix of virtual and in-person events and are a good starting point for networking with other investors in the Indy market.Louisville Real Estate Investors Group (REIG): A similar organization for the Louisville market, with educational and networking opportunities.Check out BiggerPockets Meetups: Many cities have local meetups organized by investors active on BiggerPockets, and they often include virtual options.Facebook Groups: Look for local investing groups like "Indianapolis Real Estate Investors" or "Louisville REI."

That’s how I got started—with little to no money out of pocket.

I financed the acquisition of the land with personal and private money.

What you’re suggesting is not cash flow, it’s return of principle, giving her her own money back  If she sells with your deal.

More difficult after spending money on a rehab, but it might be worth an appointment with an attorney.  

If I were the neighbor, it sounds like I'd be the only one bringing money to the table so you could get something you want.

It's just going to cost you quite a bit of money to have your accountant prep all of them.

A couple months ago there was a guest on the BP money pod that said something I really liked, "put your risk in your ROTH" and by that he meant that if you're going to invest in something riskier that has the potential to have large returns, put that in your ROTH account because you're only taxed on what goes IN to your ROTH, not what comes out.

That's why STR/MTR brings in more money...they're also more work.