FIrst, I personally rent about 2 hours away from a property my mom lives in and pays the mortgage payment on though I don’t technically claim it as a rental property (No Schedule E).

It might technically be "your" equity, but it's no different than using a cash out refi to fully fund a rehab.

Technically you are not even partners at that point, but separate owners.

So technically I can hide some of the income under the carpet, at least I hope so.

I’m sure I’m forgetting about a few other small fix/upgrades. 5 years after owning the home we decided we needed a bigger house and sold it in ONE DAY (technically not even 24 hours) leaving us scrambling to find a new home, which was very stressful and not fun since we hadn’t even stated looking yet.

I told him that technically I am not responsible about any more issues but I will ask my plumber to come take a look as a courtesy.

@Ayman Elmasik I am an agent in TX so I cant technically ask what's going on here with this deal to you.

Technically, if I was to buy with hard money, and refi out with a regular bank loan after 6months I should be able to pull $164K back out of the deal leaving me with around $10K in cash in the deal.

You don't technically need flood or homeowners unless using a lender 

Its technically 6 units even thought they are not connected, which makes it a commercial property, but the scale and structure pushes it to the residential side.