If I did would I be able to put a lien on the property if by some small chance the project went belly up?

Here's a basic explanation to get your juices flowing:Assume a house costs $200,000 and rents for $1,500.

Run your analysis and decide if the juice is worth the squeeze while also factoring in some people will be turned off the property if you have to disclose that history.

I think you might be able to 'juice' your ROE by boosting that rent up to $1,595 based on a comps analysis I performed within the surrounding area. 

Here's a very basic explanation to get your juices flowing:Assume a house costs $200,000 and rents for $1,500.

Not bad, but I think I will be able to squeeze a bit more juice out of it over time.

@Donald JonesIf it’s one investor your soliciting money from or a loan you can put something together - if you are pooling money then you need an attorney as you have to file exemption from sec ad if you have 10 investors and project goes belly up how is it prioritized ?

All that will probably come at a higher price, but you can be significantly empowered as a result, in which case the juice is definitely worth the squeeze.Just my two cents (no sales tax)Jim Kennedy, CPA

And whether you are producing a net benefit may depend on how you go about your flip.I see so many houses that need loads of capital improvements--deferred maintenance, all components at or near the end of their useful life--never a thought to cap-ex from owners or landlords that squeezed all the juice out of the lemon.These neglected places en masse tend to lead to blight and bring a downward spiral (all sorts of social problems, the opposite of bringing in the gentry!)

If it's more than a block or two away, then the contractors need to suck it up and stop belly aching.