Then you are in trouble.

If you can get a note for 200K at no interest and you have completed your due diligence on this deal, then go for it. 

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

It should have been 2-3 months and I was in it for 7 months renovation and then took almost 4 months to sell.

Are you trying to replace your salary then you can’t do it.  

They have a vested interest into keeping everyone happy because it is way easier to keep a client then to go find a new one. 

If you are audit for some reason, if you then slap together a spreadsheet to record time, the auditors will know right away.

If you spend the entire $300k restoring the property, then here is the end result:- deductible casualty loss of $50k- no current tax- the restored property has $0 basis and cannot be depreciated- when it is later sold, the entire sale price is taxableMechanics and reporting are tricky, and I would not recommend to DIY it, especially since my scenario is over-simplified, and your real scenario is likely to involve more gotchas.Thanks so much. 

Since then, they have operated under government control, but privatization has been a recurring topic of debate.Why Privatization is Being ConsideredSecretary Turner, along with some policymakers and industry leaders, argues that privatizing the GSEs could reduce taxpayer exposure, increase market efficiency, and encourage more private sector participation in mortgage lending.

I think you should start by understanding what it is your investors want out of the deal, analyze how the returns compare to traditional investments, and then see where you fit into this deal.