I just want it to work and be a positive experience because I know that will keep me motivating to continue investing and building my portfolio.

Financial freedom isn't simply about replacing your current income, because inflation continuously drives up prices, making a fixed income insufficient to maintain your standard of living.

Its all a learning process. if they can continue to pivot and make adjustments, when necessary, they will do wonderful.

I'm struggling a little bit on deciding the best agreement to make sure I can get some cash flow, payback the HELOC, and not drive the new mortgage up too much with the Refi out of the HELOC.

Freddie has a reno loan product that can be used for investment properties; this is only for first position, though.For the Heloc - it goes back to whether your mom wants to continue carrying the loan for income, and if so, how will you pay off the heloc once the rehab is complete?

I have had houses that I love and want to continue to own.

I'm struggling to understand some aspects of your response, but it provides some things to think about.

The more they have to loose, the greater the likely-hood they will work to continue to keep the home.

To be continued...

Sellers may struggle to mentally shift from "owner" to "tenant," which can create challenges with boundaries and property care.Security Deposit:If you’re doing a temporary leaseback, be sure to collect a substantial security deposit to cover potential damages and ensure they vacate on time.